If you thought 2011 seemed like a big year for web startup funding, you were absolutely right. According to the latest MoneyTree report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA), 2011 saw the highest level of VC investment in Internet companies over the past decade.
$6.9 billion went into 997 VC deals in Internet-specific over the course of 2011, an increase of 68 percent in dollars and 24 percent in deals from the previous year, when $4.1 billion went into 807 deals. Internet companies accounted for 24 percent of all VC investments in 2011, compared to 18 percent in 2010, the MoneyTree report said.
To read the full, original article click on this link: VC funding to web startups hits decade-long high in 2011 — Tech News and Analysis
