The venture capital industry is one of the cornerstones to funding the next generation of innovative businesses and companies. Like the rest of the economy, venture capital funding took a big dip during the recession, but now it seems to be on the upswing. According to the National Venture Capital Association, venture capital-backed companies had the best opening quarter in five years. Here's a look:
In the first quarter of 2012 we've seen more venture-backed companies go public while raising more total money through the IPO process--a trend we've seen in the past years. If the industry keeps it up throughout the year, it'll be one more sign of an economic recovery.