3i, a European PE firm that had played a major role in funding start-ups in Europe and dabbles at times in Asia, has decided to get out of the venture capital business.

A number of bloggers have commented this week on the report that 3i will no longer fund start-ups. The Financial Times reported that 3i is "exiting early-stage finance." The FT added that the move "underlines the woeful state of European venture capital".




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