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Venture-Backed Start-Ups Seek Stimulus
July 6, 2009 /
"Washington has become a new bank."
Venture capitalists are increasingly focused on a fresh funding source: Washington, D.C.
Venture-capital investors see Washington’s economic stimulus program as a potential financial boost for the hard-hit technology firms and other start-ups they own. Of particular interest is more than $60 billion earmarked for four sectors widely invested in by venture-capital firms: environmentally clean technology, rural Internet broadband, cyber security and health-care information technology.
By PUI-WING TAM
Full Story: http://online.wsj.com/article/SB124683707683398027.html
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