ondon-based auditing firm Ernst & Young (EY) reports that, as of Q3, U.S. companies raised $41.3 billion in 2,802 venture capital deals this year. In the San Francisco Bay Area alone, there were 916 deals, representing $16.9 billion. “Compared to last year’s Q3, VC funding is down,” Jeffrey Grabow, EY’s U.S. venture capital leader, told VentureBeat in an email. “There are several reasons for this decline. Chief among them is the need for the market to absorb the capital that has been deployed. Momentum capital rushed into the later stage of the venture pipeline and was invested in pretty much all available opportunities. It’s time to see how those bets play out.” 6.

http://venturebeat.com/2016/12/26/vc-predictions-for-2017/