NY Times: Tech climate gloomy, bright future

Steve Lohr reports on the outlook for the technology sector and talks about Dan Bricklin’s Trellix and Softricity as examples, among others.

Venture capital investments, to be sure, are less than in the boom times of 2000. But the financing spigot is far from shut off. In the first two quarters of this year, venture investments ˜ mostly in information technology start-ups ˜ were running at a quarterly rate of about $6 billion, according to VentureWire Research, which tracks venture capital.

That level is way below the peak of $27.4 billion invested in the second quarter of 2000. But the recent rate is also 40 percent higher than at any time before the second quarter of 1999, going back more than a decade.

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