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A new wave of user-friendly and interactive Internet technologies is turning the heads of venture capitalists

When the three-person San Jose company Meebo launched in September, venture capitalists smothered it with requests to make an investment.

The company was hot — or at least venture capitalists thought so. Its technology lets people access their instant messaging programs from America Online, Yahoo, Microsoft and Google from the Meebo Web site without having to download each service’s software to their computers. Thousands of people were flocking to use it.

By Matt Marshall

Mercury News

Full Story: http://www.mercurynews.com/mld/mercurynews/business/13157227.htm

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