VC's interest in Internet start-ups wanes, attention turns toward Wireless

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Cell phone gambling in China and other wireless trends are what venture capitalists at Brainstorm were talking about.

Venture capitalists still see a lot that interests them, but it's mostly not in glamorous, sexy industries like the Internet...

Instead of funding hot new Internet startups to take on the Googles , eBays  and MySpaces of the world, several VCs said that areas like healthcare, energy, wireless communications and even good old-fashioned technology, things like software and semiconductors, are attractive...

Other VCs also raved about the prospects in China...

full article: http://money.cnn.com/2006/06/30/magazine...ahoo_quote