Internet Start-ups Enjoying the Second Coming of Venture Capital Dollars

[mandy]

Internet start-ups seeking venture capital support may be in luck, as a second coming of sorts seems to be in full swing for Web-based technology firms, which enjoyed a seemingly endless supply of cash during the dot-com boom of the late 1990s...

"There are certainly dollars going into Internet start-ups again. The stigma from the turn of the century is no longer there," attorney Todd Rumberger, managing shareholder of the Silicon Valley office of Greenberg Traurig, told the E-Commerce Times."VCs don't roll their eyes if you tell them you have an advertising-based model because advertising is a viable means of revenue today," he continued. "What they are looking for remains the same: innovation."...

The Internet advertising market has also matured, so unlike e-commerce plays in the late '90s that hung their model on an unstable online advertising-based model, today's companies can show proof-points that cause VCs to take a serious look a viable business plans -- even with higher valuation deals...

full article: http://ecommercetimes.com/story/FRLDAImZ...eurs.xhtml