Google, AOL, Yahoo and Microsoft are scooping up web2.0 start-ups at such an early stage that there venture capital investors have lost their interest in investing in the area, according to Neil Sequiera with General Catalyst Partners.
With Weblogs Inc. selling for an estimated $25m, investors are staying clear of the market alltogheter. They are looking for mega sales, such as the $580m that News Corporation paid for Myspace (which is the sole example of a big web2.0 exit).
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