December 21, 2012 | Wall Street Journal

Concerns that Series A rounds will be hard to come by in 2013 are widespread in the venture business, according to a survey. Forty-five percent of venture capitalists think this will be the most difficult financing to obtain, according to a survey of venture capitalists and startup chief executives by Dow Jones VentureSource and the National Venture Capital Association. That reflects an ongoing debate in the industry about whether seed-stage investors have financed too many consumer Internet startups that will now have trouble tapping the venture capital they need to grow.