This does not bode well for an innovation economy

As of March of 2010, the ten year return on venture capital is now at minus 3.9%.

90% of VCs expect the VC industry to contract through 2015. Rather than going public, raising funds and then hiring new workers, start ups are getting bought up by big companies like Google, and then downsized. This is not good for the U.S. economy.

And suggests the further likelihood of VC money pouring into Spokane remains at close to zero.

More here.

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