Venture Investors Shifting Away From Biotech

"Venture capitalists are investing less in biotechnology and more in Internet companies, according to initial data for the first quarter this year.

While there are no signs that venture capitalists have picked up or slowed down their overall investment pace, they appear to have pulled back from biotech, the hottest sector of the past two years, according to a survey to be released today by VentureOne and Ernst & Young. However, measuring quarterly trends is tricky because venture capitalists like to keep their bets secret. It takes weeks, sometimes months or years, for some investments to be reported."

Read more in this MercuryNews.com article.