Global Social Media Deals Up in First Half of 2007
Sometimes I even amaze myself. Workflow Collaboration is the next new trend according to this survey. Quoted from Dow Jones VentureOne and Ernst Young Survey
…global deals having to do with Web 2.0 and Social Media (Social Networking, Social Bookmarking), are up a whopping fourteen percent in the first half of 2007.
Another area of the United States thats seeing large investor interest is Southern California. There was US$59 million invested in 8 Web 2.0 /Social Media deals in Southern California.
According to the Dow Jones VentureOne and Ernst & Young LLP survey, Most of Web 2.0 / Social Media deals completed in the first half of 2007 focused on the so-called Enterprise 2.0 area-companies that use Web 2.0 technologies such as mashups and online collaboration to improve traditional business functions- while deals in China, Europe and Israel had a distinct consumer bent to them.
Get this, Southern California. Loving it. Online Collaboration to improve traditional business functions. Loving it. Right place, right timing.
Other notable trends the data showed include:
Despite seeing a flat first half, the U.S. still dominated the Web 2.0 market, accounting for 66% of all deals worldwide and 77% of venture financing.
The Bay Area was the busiest region in the U.S. with 25 deals accounting for US$91 million. New England, the New York metropolitan area and Southern California are on pace to set annual records for Web 2.0 deals and investments.
Life will be good in the next few years.
Posted by Charles in Blogging, Online Collaboration, Software, Tech Writing, Workflow Collaboration |
