Investor AttentionTurns To the Internet

"It isn't yet a return to 1999, but venture capitalists are pouring money into Internet startups, convinced they aren't repeating the investment mistakes they made six years ago.
In the first quarter, venture investments in Net-related startups rose 36% to $753.8 million from a year earlier, according to a survey by the National Venture Capital Association, PricewaterhouseCoopers and Thomson Venture Economics. The jump in spending followed a 30% hike in the fourth quarter and a 17% rise in the third quarter. "

[Dow Jones Newswires]