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It's the same dynamic as in overall venture market.
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In comparison, the overall venture capital investments grew a whopping 71%, to $12.8 billion, in 1997 from $7.5 billion in 1995.
That total volume pales in comparison to overall venture funding, which was approximately $41 billion last year and has hit highs of as much as $60 billion.
VC investment was up 50% in 2009 in Iowa to $84 million while overall venture capital investment was down 35% according to the annual MoneyTree survey from PricewaterhouseCooopers and the National Venture Capital Association.
VentureOne, a data company owned by Reuters, found that while overall venture investments in Internet companies in the third quarter were 2percentt higher than a year earlier, financing of electronic commerce companies was down 74percentt.
Overall venture capital investment in Silicon Valley was $5.2 billion in the first nine months of 2006, compared with $4.6 billion in the same period in 2005.
Overall venture financing in the U.S. plummeted as well.
While the overall venture industry in Israel has had its ups and downs, the data suggests early internet companies are being ignored.
Overall venture capital investment in Europe fell last year, but investment in "Cleantech" rose.
The overall venture capital scene in Asia remains hot, particularly for firms investing in technologies like artificial intelligence.
Overall venture capital investment in Silicon Valley companies fell 7.7percentt during the year, but less than the decline of 11.4percentt nationwide.
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