Their perspectives differed – Val felt it wasn’t much out of a total of $13bn. Fred was ambivalent – web2.0 is a hot space after all. My reaction was worse – this worries me a bit.
There were 51 web2.0 deals in the whole of 2005 and now 49 in H106. This is still a young sector – there have been a couple of big trade sales and no IPOs thus far – and if this growth rate continues we will surely end up over-funded. And lets not forget the large number of start-ups that won’t have made the venturesource list because they only took friends and family money.
By way of evidence I was looking into social bookmarking today and found this list of over 200 social bookmarking sites.