By Deborah Gage. This article originally appeared on PEVC Dow Jones VentureWire, October 9, 2013.
XSeed Capital is stepping back from investing in life sciences and clean energy startups to focus solely on information technology, VentureWire has learned.
The firm is following what’s become a familiar path in Silicon Valley, as more venture firms find that life sciences and clean-tech investments are too capital-intensive or too slow to return money to investors. Scale Venture Partners, Morgenthaler Ventures and Mohr Davidow Ventures are all firms that have either cut back or restructured investments in at least one of these areas….
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