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VC Returns Up Short-term VC returns are up in the fourth quarter of '05 as the IPO market surges forward. In the one year from October '04 to '05 venture firms beat out both the Nasdaq and the S&P 500. Also, the San Francisco Bay Area including Sand Hill Road attracted $2.03 billion in VC funding during the third quarter of 2005, according to VentureOne. www.gagglescape.com