VC Web Investment Hits Decade High
GigaOm, Wednesday, July 20, 2011 12:38 PM
Don't call it a bubble, but the second quarter of 2011 witnessed the highest levels of VC investment in Web-specific startups since 2001, according to the latest MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association. "Venture capital firms pumped $2.3 billion into 275 web-oriented companies during Q2 2011, a 72 percent increase in dollars and a 46 percent increase in such deals from the first quarter of the year," GigaOm points out. "Growth is normally a good thing for the venture capital ecosystem, but it may be starting to get out of hand."
As NVCA president Mark Heesen explains in the report: "This quarter's increased investment levels signals an incredible opportunity for job creation and innovation, but if current dynamics continue, it will not be sustainable." Overall, during the quarter, VC firms spread $7.5 billion across 966 online deals -- the highest total amount of money invested by VCs since the second quarter of 2008.
Read the whole story at GigaOm »
As NVCA president Mark Heesen explains in the report: "This quarter's increased investment levels signals an incredible opportunity for job creation and innovation, but if current dynamics continue, it will not be sustainable." Overall, during the quarter, VC firms spread $7.5 billion across 966 online deals -- the highest total amount of money invested by VCs since the second quarter of 2008.
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