Steve Lazarus, a managing partner at venture capital rm ARCH Venture Partners, agreed. Indeed, despite several quarters of record-breaking investment growth, some say the best is yet to come. The gure represents 1,043 separate deals, compared with 1,656 in all of 1999, Talebi said. Tech investments represented 49 percent of the formal venture capital deals so far this year, said Sasha Talebi, a research director at VentureOne. Talebi said current trends reaf rm the support of the Internet among early-stage investors.
Net companies receive the vast majority of all investment dollars.
Every segment within IT saw an increase in activity, with communications, information services and software setting particularly impressive records. Each total was twice 1999 sums.