Venture-backed liquidity was down this quarter, and less than half what it was in the same quarter last year.
Venture capital firms fund companies in exchange for a stake in the business, and realize their gains when a company is sold or goes public.
While a venture-backed company did go public, ending a nine-month dry spell, acquisitions are also down.
The fall seems to correlate with lower sale prices for acquired startups.
The median price for venture-backed businesses was $22 million, compared to $41 million for the same period last year.
Photo by Flickr user dmarino.
Jackson West figures that if Twitter sells at its asking price, the gold rush is back on.
