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October 24, 2008

Venture Capital Financing Slows Amid Economic Downturn

Pui-Wing Tam And Bobby White

A shift is being echoed across Silicon Valley, where executives at startups—which form the foundation of the tech economy—are now deferring expansion projects, taking voluntary pay cuts, delaying hiring plans and slashing expenses. The shift is a turnabout for the region’s young companies, which have traditionally focused on go-go growth by grabbing customers early and being first to market with new technologies.

Full story at The Wall Street Journal