(AP) - THE GOOD: The flow of money going to U.S. startups remained steady in the second quarter as venture capitalists invested $7.4 billion, unchanged from a year ago.
THE BAD: The stock market has turned a cold shoulder to the initial public offerings made by startups, making it more difficult for venture capitalists to realize profits and more reluctant to commit new money to entrepreneurs trying to fund new ideas.
THE OUTLOOK: Unless the IPO market becomes more receptive, more venture capitalists will get stingy.