VC Roundup: Comcast spreads the wealth, BFTP fights for cash
Welcome to the VC Round-up, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.
DEFINITE READS
According to Thomson Reuters, 38 venture capital firms raised nearly $2 billion in the second quarter of this year, a 49 percent decline from 2009′s numbers. The amount raised is the lowest since 2003. The uncertain economy has made it hard for firms to fundraise, said the report.
Comcast says it will be setting aside $20 million to invest in minority-owned businesses that are developing new media products. The company included the new fund, to be part of Comcast Interactive Capital, in its NBCU merger paperwork. A post on the Comcast’s blog says more news will come this fall.
