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Add in the exhaustion of the last funds from Barack Obama's 2009 stimulus package, and the implied fiscal contraction could be as much as 2.6 percentage points of GDP in the first half of the year.
"I can tell you that the last funds by General Motors have been paid back which means that the Opel operation has not cost the German taxpayer a cent," Mrs. Merkel said.
For nascent and more mature start-ups, VCs' expectations about sales multiples were far greater than the actual multiples achieved by companies in their last funds, according to the report, which was discussed at an event Thursday in San Jose.
A number of name-brand funds, including Accel Partners, Lightspeed Venture Partners, and Founders Fund, have raised new, billion-dollar-plus funds this year, just two years after closing their last funds.
It's consistent with our last funds in terms of size, based on the opportunity set we see in VR and artificial intelligence and core enterprise infrastructure, among other things.
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The latest investment values Lending Club at $1.55 billion, nearly triple the valuation of the last fund-raising round that closed last summer.
Founded in 2001, Limelight's last funding was a $15 million round of debt financing last year.
Word spread about Rachel's last fund-raiser.
The last fund it raised in 2009, in the wake of the financial crisis, was $2.5 billion.
Warburg Pincus raised $15 billion for its last fund in 2008, as conditions for private equity deal-making began to crumble.
"I did have some strong Aipac supporters who didn't come to my last fund-raising party.
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