Venture capitalists began the year believing that the Internet remains the World Wide Windfall--a perception industry leaders say probably will not change soon.
Published:
18 May 2000 y., Thursday
Venture capitalists invested a record $22.7 billion in 1,557 U.S. companies during the first quarter of this year, according to a report Thursday from the National Venture Capital Association. Three-fourths of those investments--$17.1 billion--went to Internet companies, the Arlington, Va.-based trade group said. During the past month, Internet companies have lost much of their luster in the stock market, where the Nasdaq composite index--a technology bellwether--has plunged by 19 percent since March 31. But venture capitalists say the stock market jitters won't necessarily translate into a significant drop-off in their investment activity. "There are so many good opportunities out there that it looks like the velocity of investment will remain strong. We are certainly pursuing deals aggressively," he said.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »