Asian and American Start-Ups Compete for Venture Capital

by Eric Lai | June 23, 2005 -- 6:30 PM

Silicon Valley may still be on a slow mend, but things are looking up for budding entrepreneurs. American venture capitalists raised nearly eighteen billion dollars last year, and now they're looking to spend. That's good news for startups, especially those with a connection to Asia, where the high-tech industry has remained strong.