Silicon Valley remains the hotbed of Web 2.0 activity, but the hipness of start-ups with goofy names is starting to cool in the face of economic reality.
Dow Jones VentureSource on Tuesday released numbers of venture capital activity in Web 2.0 companies and declared that the "investment boom may be peaking."
Venture capitalists put $1.34 billion into 178 deals in 2007, an 88 percent jump over 2006. But once you strip out the $300 million that Facebook raised from Microsoft and others, the numbers don't look as bullish.
The pace of deal flow, or … Read more