An article in this week’s Mass High Tech reports New England (NE) Venture Capital (VC) financings dropped 31% in the number of deals done during the second quarter, as compared with the same period last year, according to a new report from Dow Jones VentureSource. This drop represented a decline of 22.4% in value over the same period last year.

The decline in New England venture deals is significantly worse than the drop experienced nationally. The value of VC investments in the U.S. dropped 12.4% during the 2nd quarter compared compared to the same period last year.

This news comes on the heels of my post last week, which reported on the growing pessimism from VCs nationally.  It doesn’t look good…

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