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Good day. Venture-capital firms are awash in cash, keeping on pace for another record year in fundraising. With interest rates staying low, the economy seemingly strong and IPOs bringing liquidity to GPs and LPs, new and old firms seem to have little trouble raising new funds. Plus, fallout continues at venture-backed uBiome, SoftBank is making moves in South America and health-insurance startup Clover Heath is launching a new unit for clinical research.
And now on to the news...
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