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Wednesday, August 23, 2006
Bubble wrap
Source: VC Ratings blog
Amid speculation over whether we're in the midst of another bubble, Joshua Jaffe notes that "only six Web 2.0 startups have been acquired in the first seven months of 2006." They were Measuremap, Sketchup, Writely, Orion, Meedio and Lightningcast. And those were likely to have been sold for less than $25 million. "To give you an idea of how low these M&A statistics for Web 2.0 companies are; boring old online flower retailers (Provide Commerce, Interflora) have been the targets of two acquisitions this year worth a total of $598 million." But he says that's "destined to change in the final five months of the year."
Posted by mwelch at 08:41 AM
