There are some bad headlines being repeated today, all basically saying that VC funding is back to dotcom levels. Wrong. It’s not even close, with something like $32-billion set to go in this year, versus $51.2-billion at the peak of the bubble.
Sure, it’s the highest it’s been in four years, but you might equally write that VC funding is still 36% off its dotcom peak, or that it is more or less flat year-over-year. Instead we have this irresponsible stuff.
How this meme has taken hold I don’t know, but they’re all pulling from some new E&Y/Ventureone figures — which say nothing like what the headline writers are writing.