US VC investments drop 5.1% in dollar volume, up in deal volume

US VC investments dropped by 5% to $7.1 bln during Q1 2008. This was the first YTY decline in the venture capital industry’s quarterly investments since the end of 2005, National Venture Capital Association says. In Q1 2007 VCs invested $7.5 bln. More deals got done in in Q1 2008 than Q1 2007 – a total of 922 compared with 861 in 2007.