Monday, January 28, 2008

Funding slows for software makers - The Boston Globe

Sign of the times

Software, an anchor of the Boston-area technology scene, remains the largest recipient of venture capital nationally. But while venture outlays for energy, biotechnology, and medical devices have surged, the latest MoneyTree venture capital report shows that growth in software investments slowed noticeably in 2007.

"Software isn't the Wild West it was 10 years ago," said Sunil Dhaliwal, general partner at Battery Ventures, in Waltham. "Software is a mature industry. At the same time, 'clean tech' has captured everyone's imagination as the growth industry of the next decade. People believe that there are problems to be solved and money to be made."

Funding slows for software makers - The Boston Globe

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