According to a recent report by Dow Jones VentureSource, investments in Pacific-Northwest-based Web 2.0 ventures grew to $140M in 2007, up from $35M in investments in 2006. The number of deals in play more than doubled.
Further:
[O]verall Web 2.0 investments in the U.S. grew to $1.34B... [T]here were 178 Web 2.0 deals in the U.S. for 2007, up 88% in dollars over 2006.
(Hat tip Northwest Innovation)
Rick Turoczy
Rick Turoczy has helped Portland-area startups with traditional and Web-based communications activities for more than a dozen years–from spectacular dotcom IPOs to working with some of the best and brightest Web companies in Portland, today. A blogger for nearly a decade, Rick currently covers the startup tech scene throughout the Silicon Forest on his blog, Silicon Florist.
