Silicon Valley venture capitalists raise more money, give less away

French politicians and business leaders have demanded an end to the global dominance of the US curr enc y - and hence of the US banking sy stem - after a New York court fined Fre nch bank BNP Paribas US$9bil for doing business in Sudan, Iran and Cuba.

SAN FRANCISCO: Venture capitalists are raising money at the fastest rate in a decade, raking in about US$13bil (RM52.53bil) in the first quarter of 2016. 

But much of that cash won't flow into new startups anytime soon. Rather, venture firms are bracing for a downturn and boosting reserves to keep companies they have already backed from going bust, said venture capitalists and limited partners.