Venture-capital investing hit $28 billion in the first quarter — but fewer companies are getting fun

Venture-capital investing hit $28.2 billion in total deals in the first quarter, according to a new report. That's the fourth straight quarter in which the level has topped $20 billion. But fewer companies are getting cash; the 1,693 startups that got funding in the period marked the lowest number since at least 2011. Venture-capital investing has soared this year, though the money is flowing to fewer and fewer startups, according to a new report. VC firms collectively invested $28.2...