After a strong 2014, exits for venture-backed startups cooled significantly during the first three months of this year, according to the latest report from the National Venture Capital Association and Thomson Reuters.
The quarter had 17 IPOs of venture-backed companies that raised $1.4 billion. That’s down 54 percent by number of IPOs and 58 percent by amount raised. That’s the first time in 2 years there has been a quarter without at least 20 venture-backed IPOs.
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