Venture funds seek greener pastures; Bye-bye dot-coms, hello software and wireless firms; the shift toward triage.(venture capital funding remains steady)(Brief Article)(Statistical Data Included)

Crain's New York Business,  November, 2000  by walsh, mark

Tags: B2B, company, dot-com, financing, PricewaterhouseCoopers Consulting

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Disappearing dot-coms and troubled telcos are forcing a major shift in priorities for venture capital firms. While figures out this week from PricewaterhouseCoopers show that VC money continues to pour into New York firms at near-record rates, beneath the surface, the world has changed. Money is increasingly migrating from consumer and content-oriented Web firms toward Web infrastructure, as well as software and wireless companies.

More significantly, venture firms are, in the wake of the Nasdaq's nosedive, adopting a triage approach to their existing stable of companies rather ...

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