via online.wsj.com
Networking/telecom is a capital intense sector with uncertain rewards in todays economic and political climate.
What is referred to as Information/Internet above is essentially software and web apps; they are much less capital intensive. These investments leverage the specialized knowledge of the entrepreneur and his/her team. When a VC invests in one of these ventures, the goal is to get in right before rapid growth (sales/profits/valuation).
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