Wednesday, March 21, 2007
Web 2.0 Investments Double In 2006
A new study released today by Ernst & Young and Dow Jones VentureOne found that Web 2.0 investments doubled from investments in 2005, to $844.4M, with almost twice as many deals. The study, which classified Web 2.0 firms as using user-created content, podcasting, blogging, social networking, or using AJAX and other rich Internet applications, found 167 Web 2.0 deals last year. Most active investors in the space were Benchmark Capital, Draper Fisher Jurvetson, Sequoia Capital, and the Omidyar Network. The busiest region for Web 2.0 deals was the San Francisco Bay Area, however Southern California, New York, and New England also saw growth in deal flow and investments.