Valuations For Internet Deals Shoot Through The Roof

The Facebook has a $100 million valuation; Charles River Ventures proved willing to offer three times the price of other investors in podcasting startup Odeo; and tongues were flapping this week over the $19.5 million that three venture firms invested in Jobster, a recruiting service used by corporate clients.

“Nowadays an entrepreneur whose resume indicates that he worked a few years at Yahoo, he said, ‘seems to be an indication of a quality deal’ – and a deal for which venture capitalists will pay dearly in the hopes that they are investing in the next Google.”

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