Netscape Co-Founder: Boom 2.0 Bigger Than 1.0

In Marc Andreessen’s latest missive on the arcana of venture capital, the Silicon Valley veteran claims that the numbers say we are indeed in a boom bigger than the first. Andreessen says:

“Even when you adjust for inflation, venture capital funding is flowing into venture firms and out to startups at a higher rate in 2007 than in 1997 and 1998. Those of you remember 1997 and 1998 will remember that those were true boom times for venture capital… Yet, despite disastrous venture returns on average from 2000-2006, the cash spigot from investors in venture capital firms continues to be wide open to a level where VCs can be more active in 2007 than they were in 1998.”