Venture capital firms invested less money in telecom networking companies during the first quarter of this year than they had in any other quarter since 1996, according to the quarterly MoneyTree Report from the National Venture Capital Association and Pricewaterhouse Coopers.
In the first three months of this year, VCs put $935 million into companies in networking, the first time VC investments in the category had even dipped below $1 billion for a quarter since 1996. The first quarter figure also is almost $1 billion less than was invested by VCs in networking in the fourth quarter of 2008, Network World says in a story about the MoneyTree report.
- Network World has this report
VC bets were being placed on wireless late last year
Vendor financing remains out of style for now