More Evidence There’s No Bubble: VC Investments Were Flat in Q2

Dow Jones VentureSource released its second quarter numbers for the venture industry today, and there's a reason they're not dominating the headlines. They're pretty boring: Overall investors put $8 billion into 776 deals in the US in the second quarter, a decrease of 5% in terms of invested cash and 2% in terms of deals. The median amount raised per deal was $5.2 million, up from $4.6 million a full year earlier. Yawn, right? But the fact that the numbers are so unremarkable is what makes them interesting. It reinforces what people like me have been arguing for months: A handful of hot companies does not a bubble make.