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    News Summary: Venture funding falls 12 pct in 2Q

    By The Associated Press | Associated Press – Fri, Jul 20, 2012

    FEWER DEALS, LESS MONEY: Startup investments slipped to $7 billion in the second quarter, down 12 percent from $8 billion in the same period a year earlier according to a report Friday. There were 898 deals completed during the quarter, down from 1,057 a year earlier.

    EARLY-STAGE DEALS UP: The number of companies getting funded in the earliest stages of development reached the highest level in more than a decade. That's a hopeful sign for the broader economy and an indication that investors are willing to wait for returns.

    NUMBER ONE: The top deal was electric car maker Fisker Automotive, which received $147.6 million.

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