VCs Still Pumping Money Online
Consumer Internet spending more than doubles from 2010
Looks like venture capitalists haven't lost their enthusiasm for Web startups.
According to new data from Dow Jones VentureSource, VCs invested $1.3 billion in 104 deals for consumer Web companies (a category that includes search, entertainment, and social media) during the third quarter of this year. That's more than double the dollar amount invested during the same period in 2010. Not that the last three months seem all that unique—investments in this category have been heavy for the whole year.
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