VC Mobile Funding Slows in 2008
According to a report, investments in mobile marketing tech and services have slowed significantly in 2008. Holding companies and VC firms funneled just $80 million into mobile marketing firms in the first half of 2008, down from $291 million last year.
“(Mobile) was the largest recipient just two years ago,” tech investor Jared Wiggins said. “As investors we are perhaps hoping that ‘if you build it, they will come.’ But the infrastructure hasn’t facilitated its use.” And Wiggins said that even the new 3G iPhone wouldn’t spark increased interest (or investments) from financiers in the short term.




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