Worldwide venture capital investment is expected this year to top
$40 billion, the highest level since the technology bubble during the 1990s, according to Dow Jones VentureOne and Ernst & Young.
Fueling the surge is the emergence of new sectors, such as clean technology, which in 2007 has drawn roughly $893 million, along with the proliferation of startups in rapidly developing countries. For instance, through the first three quarters of the year, venture investment in China reached $1.7 billion, while Indian companies have received more than $777 million.
The rising level of VC investment has been met with as a healthy pipeline of exits. According to E&Y, across the globe 96 venture-backed companies have gone public in 2007, raising $7.7 billion, the most since 2000.
- George White
See Nov. 5 press release via CNNMoney.comFor more see VentureBeat and
The Seattle Times
Continue reading below
