Venture capital investing sounds a retreat from U.S. and Tampa Bay startups

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The venture capital industry staged a sharp national pullback in its investments to business startups in the last quarter of 2016, with last year overall posting a decline from VC investing in 2015.

In Florida, 2016 was a solid year for venture capital with $1.2 billion of investments in startups. That sum, the best since 2001 in Florida, was inflated by a single $793.5 million investment in a South Florida company called Magic Leap. Otherwise, the remaining $406 million or so was spread among all the remaining Florida VC deals in the state for the year.