According to Ernst & Young, the volume of money being invested by venture-capital firms is expected to top $32 billion this year, the highest total since the dotcom bubble. VCs in the U.S., Europe,
China and Israel have already pumped $24.5 billion into the first three quarters of the year, and another $7 billion is expected to come in the fourth quarter.
But this time, we
shouldn't worry about a bubble bursting, says Gil Forer, a global director of E&Y's venture capital unit. "The quality of technology is much better, and that is driving more investment," he says. "We
came out of the bubble with much stronger technologies and with better entrepreneurs."
Read the whole story at Financial Times »