VentureOne compiled the numbers because it has received so many media requests for investment totals for Web 2.0 companies. “Everyone is focused on this sector,” VentureOne spokeswoman Michelle Jeffers said.
Fearing that it would be criticized, the research firm took great pains to come up with a succinct definition of Web 2.0, Jeffers said. It only included those companies using rich Internet applications such as AJAX or those developing services related to podcasting, tagging, blogs, social networking, mashups and wikis.
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