Venture Bucks Drop 31% in 3rd Quarter.

The article reports on a 31 percent decline in venture funding during the third quarter of 2010. Venture capital which invested 6.9 billion U.S. dollars in 962 deals during the second quarter, invested only 4.8 billion U.S. dollars in 780 deals during the third quarter. The decline was attributed largely to a drop in cleantech deals, which experienced soaring rates during the second quarter of 2010.