Added by aroberts, 21 weeks ago

• Location: somewhere

GLOBAL WEB 2.0 DEALS UP 14% IN FIRST HALF OF 2007 AS
VENTURE CAPITALISTS SEEK TO TAP NEW MARKETS

Investors Pump More Than US$465 Million into Web 2.0 Companies, Back More Deals in
Europe & Israel; New England the New U.S. Hot Spot?

SAN FRANCISCO (September 17, 2007)—It's official: Web 2.0 has gone global. What was
once an industry focused almost entirely in the San Francisco Bay area has expanded into new
markets within the U.S. as well as in Europe and Israel, according to new data released today by
Dow Jones VentureOne and Ernst & Young LLP. The global research showed that investors
directed US$464.2 million into 101 deals worldwide in the first half of the year, the highest half-
year total on record for the sector and more than a 7% increase in investments over the same
period in 2006.