Earlier today Rick Turoczy mentioned a report from Dow Jones VentureSource that concluded that investment in Web 2.0 start-ups may be peaking. Rick reported that investment in Pacific Northwest Web 2.0 ventures was strong, growing from $35M in 2006 to $140M in 2007 with the total number of deals doubling. VentureBeat breaks down the report further and lists the 25 Largest Web 2.0 Deals in 2007.
Facebook is far and away the leader with $300M raised but there are some great stories out of Washington and Oregon that deserve a mention. Seattle's Zillow raised $30M while a couple Oregonian companies made the list as well. Corvallis-based MyStrands raised a total of $49.5M and Portland's Jive Software brought in $15M.
Speaking of Dow Jones, Victoria's TeamPages is presenting at VentureWire's Web Ventures 2008 conference in San Francisco today. President Mike Tan and CEOs from 70 other promising startups are pitching to audience that includes LinkedIn's Co-Founder Reid Hoffman.
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
