The US makes no direct federal equity investments in entrepreneurs but provides money to agencies and states to run a number venture capital funds and funds of funds.

The US makes no direct federal equity investments in entrepreneurs but provides money to agencies and states to run a number venture capital funds and funds of funds. Overall, the national supply of VC declined by 32% to $197bn in 2011 from $288bn in 2006, according to the NVCA. Since 2008, companies headquartered in two…

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