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Internet booms

The data from the recently published 2008 Quarter two report of venture capital investments has an interesting hightligh in the new venture space : 238 Internet-based companies got an funding of around $1.5 billion! Thats just in one quarter! This quarterly figure in fact represents the highest since 2001. Are we seeing a surge in the dot com business?

On a side note, US venture capitalists sent about $473 million in India’s way.

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