If you have read this weblog for some time this NYT article comes as no surprise to you:

"Four years after the Internet bubble burst, the venture-capital industry is stirring back to life. Investments by venture firms rose 22 percent in the second quarter of this year, to $5.8 billion, from $4.7 billion a year earlier, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association."

For all of 2004, analysts project an 11 percent increase in investments, to $20 billion, from $18 billion in 2003.