Software a winner as VC market heads to biggest year since dot-com era
Venture capitalists are investing more money in private companies than at any time since the dot-com bust, with software companies grabbing the biggest slice of the pie.
In the third quarter this year, the software sector received the highest level of funding of all industries in the U.S., scooping up $5.8 billion in 412 deals, according to the latest MoneyTree Report.
Venture capitalists also invested $5 billion in 242 of what the report calls "Internet-specific" companies, those with business models that are fundamentally dependent on the Internet, according to the report. The report was issued by PriceWaterhouseCoopers (PwC) and the National Venture Capital Association, based on data provided by Thomson Reuters.
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