Down, But Far From Out

Total e-investment is much lower than it was a year ago, but the sector still attracted the lion's share of venture capital

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If you thought venture capitalists had wearied of all things related to the Internet, think again. Despite the beating e-commerce and content outfits took in the public markets last year, VCs still poured $5.52 billion into such companies during the fourth quarter, according to figures from Venture Economics and the National Venture Capital Assn. In all, Internet-related deals swallowed $7.93 billion in the last three months of 2000 -- more than any other industry, including communications, software, or biotechnology.

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