VCs Turn Cautious And Focus On The Short Term

NY TIMES -- Jan 5 -- The days, when Venture capitalists poured money into Web sites that were free to users and that made money selling advertisements, are over. Instead, investors are looking for sites that make money in ways other than selling ads, like selling subscriptions or virtual goods. Investors are not convinced that selling ads or content like applications on mobile phones can make much money for them. FULL ARTICLE @ NY TIMES

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