Social Networking: Mass Hysteria?


Turns out everyone has been buzzing about social networking for a good reason: VCs have gone completely bonkers in their quest to find the next MySpace or Facebook.

In this month’s Venture Capital Journal, Joanna Glasner turns up more than 30 investments in the sector this year alone! VCs have bet on social networks for dog owners (Dogster), the elderly (Eons), kids (Industrious Kid), chess players (Chesspark) and moms (ClubMom), just to name a few. See this online spreadsheet for a complete list.

Firms mentioned in Joanna’s story include Sequoia Capital, Bay Partners, Intel Capital, New Enterprise Associates, August Capital, Mohr Davidow Ventures, Bessemer Ventures, and Vantagepoint Venture Partners.

Not interested in social networking? VCJ subscribers can read lots more:

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NEWS ANALYSIS: Unlocking Profits from Security Deals
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