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Jessica Alba
Los Angeles lands solid summer of investment in tech start-ups
Los Angeles lands solid summer of investment in tech start-ups

After an impressive first half of 2014 for investments in start-ups, the lack of any mega-deals led to a cool summer in the venture capital world. U.S.-based companies raised $11 billion through nearly 900 venture capital deals from July through September, a fall-off of 24% in investment dollars compared with the previous quarter, according to a Dow Jones VentureSource report issued Wednesday night. A $1.2-billion round of investment in ride-sharing app Uber in June had stoked worries that the technology industry was getting carried away like back in 1999. But the summer prompted a return to a stable growth trend line with the two largest deals going to a pair of Los Angeles County...

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