09-04-21 Web 2.0 Weekly

In the third week of April 2009, total financing in the software and services sector rose to $92.2 million, largely driven by significant raises from companies like Goom Radio and Collective Media. Despite this uptick, venture capital activity remains cautious, with reports indicating a drop to levels not seen since 1996 due to reluctance from traditional funding sources. The analysis of the 92 public Web 2.0 companies reveals a combined market cap of approximately $40 billion, with generally profitable characteristics and varying valuation metrics.