Despite concerns that some start-ups are getting more investment than their business plans merit, venture capitalists don't appear ready to slam the brakes.
From April through June, they gave about $19.2 billion to U.S. start-ups, or 24% more than in the same time frame a year ago, Dow Jones VentureSource said Thursday.
The figure was about double what it was during the same time frame three years ago, and the most in a three-month period since technology stocks began to collapse in 2000.
The numbers came in strong for start-ups in greater Los Angeles too.
Even excluding a $1-billion investment into rocket builder SpaceX this year, start-ups in Los Angeles raised nearly as much money in the first half of this year — more than $2 billion — as in all of 2014.