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

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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