The funding frenzy is over. Angel investors and venture capitalists are becoming tightfisted. The quarter ending June saw the steepest decline in size and value of deals. According to VCCEdge, the financial data and research platform of News Corp VCCircle, the number of deals declined to 165 from 204 as compared to quarter ending March. The total value of investments also went down to $40 million from $60 million.