Tuesday, May 08, 2007

Where Is Venture Capital Placing Its Next Bets? - Forbes.com

"The venture capital sector is finally bouncing back from its post-bubble blues.
Blockbuster deals--like YouTube's recent sale to Google (nasdaq: GOOG - news - people ) for $1.65 billion and Skype's sale last year to eBay (nasdaq: EBAY - news - people ) for $2.6 billion--are giving venture investors new confidence in their ability to cash out, said a group of venture capitalists who spoke on a panel at the 2007 Wharton Economic Summit. In addition, new sectors like 'clean tech' (environmentally friendly technologies) and trends like the aging of populations in the developed world are creating promising investment opportunities.
This is still a hits business, of course. According to David Mathias, managing partner at the Washington, D.C.-based Carlyle Group, '15% of the firms have provided something like 90% of the returns.' "

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