E-Commerce Times: “Venture funding dropped 11 percent last quarter to US$5.7 billion, a level not seen since late 1998, as venture capitalists continued to nurse their wounds and stayed on the sidelines in large numbers, according to a new survey.”
I’m old enough to remember what it was like back in late ’98. Contrary to what you may have heard from your grandparents (or the story above), it was an exciting time. We thought we were in the midst of a boom. Silly us.