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Study: Start-ups attract less capital

Investors have lots of money they want to put to use in growing companies but it’s apparently going to established businesses, not to entrepreneurs coming up with new ideas, a study finds.

The survey, by the Milwaukee-based Foley and Lardner law firm, with offices in Madison, shows that more than three-fourths of the investors questioned have raised money in the past two years, and nearly as many expect to raise another fund in the next year or two.