Just how much money is in web 2.0? In technology?
So far this year, US based web 2.0 companies have raised $455.5 million across a total of 79 deals.
Total technology investment? $1.63 billion in 198 tech companies.
The numbers are staggering. You read about investments and buyouts on various websites but when someone totals them up and publishes a report, it is a little jaw dropping.
I am excited that this news surfaced though. The most common argument I hear in starting a business is this: “There is no money for startups!”
I beg to differ. Honestly, there is infinitely more money than there are good ideas! Surround those ‘idea people’ with the right resources and great things happen, as evidenced above.
The challenge left is finding the people that will provide funding. The best advice I can give is get good at networking. Or find someone that has a large business network. Bring them in and let them get acquainted with your concept or your technology!
What ideas do you have? The money is out there. Who says you can’t be a part of it!
– The above numbers are according to DowJones VentureOne figures in this report. In case you are wondering, VentureOne defines web 2.0 as companies that fit into a list of activities centered around collaboration, applications such as podcasting, and technologies such as AJAX. –
References: Liz Gannes on GigaOm, VentureOne
