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Web 2.0 may be a buzz word, but it's still attracting big bucks. Some of the novelty surrounding Web 2.0 has worn away since the term first gained traction in 2004, but venture capitalists in search of the next big thing are still...
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Web 2.0 may be a buzz word, but it's still attracting big bucks. Some of the novelty surrounding Web 2.0 has worn away since the term first gained traction in 2004, but venture capitalists in search of the next big thing are still pouring money into the industry.
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Highlights:
Venture capitalists invested $3 billion in Web 2.0 firms last year, up nearly 9 percent from 2004, according to the MoneyTree report by PricewaterhouseCoopers and the National Venture Capital Association.
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