RCR Wireless compiled together a great synopsis of the venture capital deals put together in the first quarter of 2008. Three things really pop out from this list.

1. The VC money is being distributed across the world, not just in Silicon Valley.

2. Large amounts of money are going to the usual hardware and chip companies, but a surprising amount of money is going into social networks.

3. There are just too many social networks being created. This boom is going to be followed by a bust for most of these sites.

I could be wrong about point 3. If you feel the world needs another social network, especially one focused mainly on the mobile space, I would be interested in hearing your thoughts on the matter.

Tags: social networks, venture capital

This entry was posted on Friday, May 9th, 2008 at 12:44 pm and is filed under Business Lessons. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.