As the dollar size of the venture-capital industry shrinks, VC investors appear to be narrowing their focus.
Massachusetts' venture economy saw two new firms launch in the past six months, both promising to focus exclusively on a specificy stage in a startup's life. Firms have often staked out industry territory - investing only in life sciences or information technology, for example - but Volition Capital, which spun off from Fidelity Investments this month, is only interested in technology companies already bringing in $5 million to $50 million in revenue. Founder Collective, which closed its first fund in November, looks only at seed-stage technology opportunities.
(click here for the full article) Mass High Tech, By Galen Moore