It's the long-time lament of entrepreneurs: no one's funding early-stage investments any more. What if this time they're right? Some early-stage deals will always get done, but the number of Series A deals going into start-ups continues to slide.
In publicly announced Series A fundings, 62 biopharma companies received a total of $655 million, about $10.5 million per company on average. That's the lowest total in more than five years, as well as the lowest average. Even 2009's doldrums were better, producing close to $880 million in Series A money at an average of nearly $15 million per deal
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