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January 8, 2020 03:21 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/KV3pQweJb9c/everyone-wants-a-piece-of-enterprise-tech-companies
Everyone Wants a Piece of Enterprise Tech Companies
With all eyes this week on the CES trade show in Las Vegas, famous for a mind-boggling array of personal gadgets, it's worth considering something counterintuitive: Venture capitalists like consumer technology a lot less than they used to. From a report: According to PitchBook data compiled for Bloomberg, last year the normal order of funding in venture capital flipped. Enterprise technology companies, which specialize in software or services for businesses -- long the dowdiest landing pad for venture dollars -- attracted $30.42 billion, PitchBook data shows, about one-third more cash than consumer technology companies. That funding total is growing fast. Enterprise companies' venture haul for 2019 was almost double the previous year's. Meanwhile, the cash going to consumer companies fell by almost a quarter between 2018 and 2019, according to PitchBook data, to $23.26 billion. Those numbers mark the first time in at least last five years that pure enterprise companies have raised more money than consumer-facing tech, the data shows.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/KV3pQweJb9c/everyone-wants-a-piece-of-enterprise-tech-companies
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