Interesting People mailing list archives
IP: Venture $s : InfoBeat News - Morning Coffee Edition - 7/31/2001
From: David Farber <dave () farber net>
Date: Tue, 31 Jul 2001 15:04:40 -0400
SAN FRANCISCO (AP) - Continuing to spurn once-irresistible Internet entrepreneurs, venture capitalists invested $10.6 billion in start-ups during the second quarter, a 61 percent drop from the same time last year, according to industry statistics released Monday. The investment community's deepening disillusionment with the New Economy accounted for the dramatic turnaround from last year's second quarter when venture capitalists invested $27.2 billion, according to the research firm Venture Economics and the National Venture Capital Association, an industry trade group. Venture capitalists' flight from the Internet deflated Northern California's Silicon Valley - ground zero for the New Economy. Venture capital investment in Northern California plummeted 66 percent from $9.28 billion last year to $3.14 billion in this year's second quarter. Full article at: http://www.infobeat.com/fullArticle?article=410615479
For archives see: http://www.interesting-people.org/
Current thread:
- IP: Venture $s : InfoBeat News - Morning Coffee Edition - 7/31/2001 David Farber (Jul 31)