The Business We Have Chosen

January 25th, 2006

I read earlier today in Investor’s Business Daily (surprisingly in print edition) that Internet companies are coming back into vogue down on Sand Hill Road.

PricewaterhouseCoopers released the annual National Venture Capital Association’s MoneyTree Survey. According to the report, 161 Internet companies received first round VC money in 2005 - a rise of 68% from 2004. In total, 450 Internet companies got funding last year - up 7% from the year before. Though impressive, the investments pale in comparison to the money pumped into Internet companies back in 2000.

Additionally impressive, IBD reported that:

Online consumer spending has grown dramatically so far this year - especially if you exclude travel sales. Ecommerce consumer sales - excluding travel - jumped 33% in the first 20 days of 2006 vs. the same period of 2005.

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