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Net Gets One-Quarter of All VC Funding

March 1999

It was a very good year for Net money, according to PricewaterhouseCoopers. Although overall venture-capital investments in 1998 grew a respectable 24 percent during 1997, to $14.3 billion, funds channeled into Internet firms in 1998 jumped 66 percent over the previous year, to $3.5 billion, or one-fourth of all investments.