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VCs ramp up Web 2.0 funding

How do you know if you’re too late? You worry about being the nth player in a space; it’s scary.

That venture capitalists are excited about Web 2.0 startups was underscored by a newly published report which found that investments in those companies hit $262.3 million in the first half of this year more than the $199.2 million invested in this area during all of last year.

The report, released Thursday by industry tracker VentureOne, comes as little surprise, given investor enthusiasm over these companies, which typically focus on making it easier for users to hang out with friends and collaborate online.

In the first half of 2006 alone, for instance, 11 Internet startups focused narrowly on teenagers including a company in Stockholm that invites users to dress up cartoon versions of their favorite celebrities online raised a total of $104 million from investors.

Full Story: http://www.topix.net/content/kri/0207865254121337761513101359280716221929

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