23 October 2006
"We're just as interested in Internet firms today as we were in the late 1990s," General Catalyst Principal Neil Sequeira told the E-Commerce Times. "One of the biggest differences between then and now is the cost of launching a business today is more capital-efficient. It doesn't take as much money to launch today."
Internet start-ups seeking venture capital support may be in luck, as a second coming of sorts seems to be in full swing for Web-based technology firms, which enjoyed a seemingly endless supply of cash during the dot-com boom of the late 1990s.
In September alone, General Catalyst Partners invested US$12 million in QuickPlay Media, Benchmark Capital sunk $20 million into VoIP provider Rebtel Networks, and a trio of VCs tossed $10 million at Nexaweb. Those are just a few of many, similar deals.