there are plenty of jokes these days about “the bubble being back”. it looks like there may be some substance behind the humor:
Venture capitalists secured $11.2 billion for future investments during the second quarter, marking the industryâ€šÃ„Ã´s biggest flurry of fundraising in more than five years, according to data released yesterday.
It represented the largest wave of new money to pour into venture capital funds in any three-month period since the first quarter of 2001, when the financiers raised $16.6 billion.
With the surge, venture capitalists have raised $18 billion this year, a 41 percent increase from $12.8 billion at the same time in 2005, said Thomson Financial and the National Venture Capital Association.