VCs boost investments in online retail ventures

12/8/2011 | Sun (Baltimore), The

Venture capitalists invested $2.39 billion in online retail companies this year, more than twice as much as they spent in 2010, according to Thomson Reuters. "We think that online commerce -- traditional goods, soft goods, social commerce, flash sales -- that whole category is going through a tremendous amount of innovation," said venture capitalist Tony Florence.

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Sun (Baltimore), The

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