The Morning Ledger: Highway Bill Buys Time to Push for Corporate Tax Overhaul - btbirkett@gmail.com - Gmail
Venture-capital investments hit $19.2 billion in second quarter. Venture capitalists invested $19.19 billion in Airbnb Inc.,Uber Technologies Inc. and other startups during the second quarter, up 24% from a year ago and nearing levels last seen during the dot-com boom. Deal pace is below the 2000 rate—there were 1,309 deals in the fourth quarter of 2000, for instance. That is because large amounts of money are now going to ! substantial companies that find private markets more attractive than public ones. This has drawn public-market investors such as mutual funds back into venture capital, where they have financed a raft of companies with valuations of $1 billion or more.
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