Despite Gartner projecting a 5.3 percent increase in IT spending in 2010 over 2009, and IT vendors reporting rosy earnings, venture capitalists have been moving away from investing as much in enterprise IT in the past several years. As The Wall Street Journal reports, IT represented 53 percent of VC deals in 2001 but it has plummeted to 33 percent in 2009.
It's not as if those VCs are holding their money. They're actively investing in health care, green tech, and other sectors...
The irony with mobile is that while it's siphoning away VC … Read more