Over at our PDA blog, Jemima has picked up the story in the Financial Times that investment group 3i has stopped early-stage funding for technology companies.
I was more than a little surprised that this made Easter headlines - Mike Butcher over at Techcrunch UK posted about it in as far back as January, and the news was confirmed last month.
As an egocentric conspiracy theorist, I wonder whether I managed to drag this up after speaking to a number of venture capitalists about the current climate (including 3i) over the past week.
The basic consensus seems to be that there's no direct danger to investment from the credit crunch, but that the indirect problems it causes - caution, belt-tightening, lack of acquisitions and stock market floats - could easily make life difficult for startup entrepreneurs looking for a little funding.
I'll be back with more shortly.
