Venture firms on track to double 2005's investment in Web 2.0 - San Francisco Business Times:: "San Francisco Business Times - October 2, 2006
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Venture firms on track to double 2005's investment in Web 2.0
San Francisco Business Times - September 29, 2006
by Adrienne Sanders
Stroll the halls of any Sand Hill Road venture capital firm and you'll hear khaki-clad moneymen chattering about 'web 2.0' -- the latest generation of Internet-based services companies. The term is ill-defined and oft-derided, but it sure is popular with the Sand Hill Road crew.
In the first half of 2006, investors parked $262.3 million in 49 U.S. 'web 2.0' startups, according to a new report from Dow Jones & Co.'s VentureOne. That's an eyebrow-raising jump from the $97.2 million invested in 24 deals in the first half of 2005. At the current rate, VCs will likely more than double the $199.2 million invested in the arena during all of 2005.
The numbers are noteworthy because they reveal such fast growth, but still total only a fraction of the $13 billion poured into U.S. startups this year.
Web 2.0 firms include technologies like AJAX and real simple"