Internet ventures have long been a phenomena that is very difficult to understand. On one hand, the internet or the web has been wildly successful that there is a wealth of information (and disinformation) at the click of a mouse button.
Yet, on the other hand there have only been very few successful businesses. The successful ones are the likes of Google, Yahoo etc, but very few others.
So what drives venture capital funds to the web?
The dotcom bust in the early 2000s brought things back to reality. Yet, now we see the second wave of the web... called web 2.0.