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Technology Stocks : Network Appliance

NTAP 111.56

+2.1%

Nov 28 9:30 AM EST

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To: riposte who wrote (5354)	11/24/2000 11:28:04 PM
From: Wyätt Gwyön	of 10934

Venture capitalists have tripled their investments in the sector, to $411 million, That sounds like a pretty conservative estimate, but in any case, it would refer only to net dollars added, and not the implied valuations of the companies in the private market (which would be much, much higher). For example, here's one company that claims to have received $75 million this year alone: storageapps.com This round brings the total invested in StorageApps for the year to $75 million And another co. that's raised over $24 million in two earlier rounds, and has a C round in progress: yottayotta.com So many companies, so little money. Actually, there's still a lot of money, for the time being.

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