The Next Big Thing

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What's the NEXT BIG THING? The conventional wisdom is that venture capitalists are unceasingly searching for the answer to this question. Not this year! At least most VCs who invest in information technology aren't. Reading the papers, and looking at the stock prices of IT bellwethers such as Sun, Siebel, SAP and Oracle, it might seem that this is because venture capitalists are not investing in anything involving IT. This is definitely not the case.

In the second quarter of 2002, according to

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