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Market Pressure, Part II: Devices Cool Down

The boom times are over in devices. Now venture capitalists vow to focus more on business fundamentals. Entrepreneurs say the same, while they increasingly seek start-up money from private investors known as angels.

by Deborah Erickson

Two years ago, the stock market was passionate about new device companies. Public investors embraced firm after young firm, awarding flattering IPO valuations to many companies that had little or...

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