Venture-Backed Start-Ups Seek Stimulus

"Washington has become a new bank."

Venture capitalists are increasingly focused on a fresh funding source: Washington, D.C.

Venture-capital investors see Washington’s economic stimulus program as a potential financial boost for the hard-hit technology firms and other start-ups they own. Of particular interest is more than $60 billion earmarked for four sectors widely invested in by venture-capital firms: environmentally clean technology, rural Internet broadband, cyber security and health-care information technology.

By PUI-WING TAM

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