Venture capital and Net surprises Business Week -- Venture capitalists poured more than $100bn into nearly 6,000 high-tech and Net startups over the past decade. Of those, 2,000 have gone under or merged with other companies. Investors' wild ride with the 450 Internet companies that went public ended with more pain, as many saw their stocks fall by 90% or more. About a third of the economy--including agriculture, construction, and health care--has barely been touched by the Net-driven productivity boom.
Heather Green: "The e-biz surprise" in Business Week, May 12, 2003
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