According to a TechCrunch post:
Investment in information services companies, including Web 2.0 startups, hit $979 million in the second quarter of 2007.
The figure is 52% up on the same period last year and the highest figure recorded since the 2001.
In laymen’s terms, we are now officially in a boom; not that we’d probably need figures to prove this.
There maybe more money circulating, but let’s not pretend that securing venture capital is an easy thing. Statistically, the majority of start-ups pursuing VC money will not be successful.
