Salient to Investors:
CB Insights said social-media companies drew only 2 percent of the venture capital headed to Internet-based enterprises last quarter, versus 6 percent each quarter in the 2-year stretch that ended in mid-2012. Anand Sanwal at CB Insights said big data and cloud companies are grabbing the attention of venture capitalists, while boring companies that make tech products to sell to businesses seem to be in ascendance.
Venture capitalists invested $3.625 billion in Internet companies last quarter, near to what was invested in Q3 2011, and much higher than before then.
Read the full article at http://www.businessweek.com/articles/2013-07-16/the-social-media-bubble-is-quietly-deflating#r=rss
Click here to receive free and immediate email alerts of the latest forecasts.