NYT: Venture Firms Say Billions Were Raised in 3rd Quarter

In a sign that the ingredients for another overly frothy market are perhaps combining, venture capital firms are being stuffed with billions of dollars - money that will be seeking new homes, primarily in start-up firms. With $5.5 billion added in just this last quarter, there had better be a lot of good business plans out there requiring lots of capital. The first internet bubble bursting happened in good part because venture funds chased too few enterprises, with otherwise good business models failing because of too much competition, with many markets unable to charge anything for their services.