Overall U.S. VC activity slowed further in the firstquarter of 2016, even as capital invested remained at a historically high level. These numbers are in line with what we have predicted in previous editions of ourVenture Industry Report: a gradual deflation of activity in the initial stage of a slowing private investment cycle. Ample supplies of capital raised by U.S. firms during 2014 ($34 billion) and 2015 ($37 billion), however, still incentivize VCs to hunt for quality opportunities.
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