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A big trend over the past few years has been Web 2.0 (despite the fact that I'm still not sure how to define this malleable thing). However, there haven't been any IPOs in the sector. What's more, the M&A transactions have been muted, except for some outliers, such as Time Warner Inc.'s (NYSE: TWX) $850 million deal for Bebo.
Despite all this, venture capitalists continue to pour money into Web 2.0 deals. According to a report from Dow Jones VentureSource, there was about $1.34 billion in investments last year (across 178 transactions). In fact, this was an 88% spike over 2006.
Sounds good, huh?
Perhaps not. If anything, we may be seeing a weeding out of the weaker players and a bigger focus on the winners. After all, Facebook snagged about $300 million in funding. There was also a $44 million infusion for Ning as well as a $49.25 million deal for MyStrands.
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