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It appears that the venture capital community is remaining cautious about investing in new businesses, despite the much-trumpeted idea that the Great Recession is over. Funding is down 44% so far this year, and banks are continuing to sit atop all that capital given to them by the government. …new business starts fell 14% [...] According to a new report from eMarketer, e-commerce sales will be lower this year than previously thought.
One of the main reasons? Cost of labor: “Sure, you have more talented people in the Bay Area, but you also have more companies vying for that talent, pushing the price of that labor sky high,” said Frank Addante, chief executive of Rubicon Project, a Santa Monica online advertising company with about 130 employees. U.S. [...] |
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