( BW)(CA-SAN-JOSE-MERCURY-NEWS 2) Silicon Valley Venture by hcj

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									 ( BW)(CA-SAN-JOSE-MERCURY-NEWS/2)
Silicon Valley Venture Capital Firms Invest Record
$4.55 billion in 1998 According to Latest Money Tree
Survey Published on New SiliconValley.com Web
Site

   Business Editors

   SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 16, 1999--

   Full details and searchable database from Mercury
   News/PricewaterhouseCoopers LLP
   Money Tree report available online today

   Once again Silicon Valley leads a record year for venture
capital investments in the US, with $4.55 billion out of a national
total of $14.27 billion, according to the latest Money Tree Survey
available online today at http://www.siliconvalley.com. Venture
capitalists nationally increased their investments by 24% over
1997, with Internet-related investments soaring 66%.
   The largest single investment cited went to Advanced
Technology Group in Los Altos, CA. The company received $102
million from AT&T Ventures, Alta Communications, Norwest
Venture Partners, J.P. Morgan Capital and the law firm of Wilson,
Sonsini, Goodrich and Rosati.
   For the first time the full database of the survey will be
available in a completely searchable format online at the new
SiliconValley.com web site, also launched today by the San Jose
Mercury News.
   "Unprecedented investments continue to fuel Silicon Valley's
growth and vitality," said Kirk Walden, national director of venture
capital research for PricewaterhouseCoopers. "We're delighted to
be able to make this fascinating data available to interested readers
worldwide in such a comprehensive way through
SiliconValley.com."


Some of the notable features of SiliconValley.com are:

-    Continuously updated news, from wire services,
Mercury News
     editors and Silicon Valley.com staffers
-    Regularly scheduled news reports on tech topics to
provide the
     latest "need to know" information
-    Major features packages on key technology events,
such as the
     Department of Justice investigation into Microsoft
-    Thoughtful, thought-provoking columns from the
most respected
     writers in Silicon Valley.
-    A searchable database of the key 150 Silicon
Valley companies




   "The Money Tree survey is an excellent example of what
SiliconValley.com will do best," said Bob Ryan, Director of
Online Publishing at The Mercury News. "We're able to take an
eagerly-awaited survey and deliver it in a flexible, manageable
way allowing readers to understand more comprehensively what a
staggering amount of investment continues to flow into the
innovators and entrepreneurs of Silicon Valley."

 About SiliconValley.com
   SiliconValley.com is produce by Mercury Center, the online
publishing division of the Pulitzer Prize-winning San Jose Mercury
News. SiliconValley.com combines superior journalism and
cutting-edge technology to product quality, in-depth news
coverage and analysis of Silicon Valley business, technology and
culture. The San Jose Mercury News was the nation's first daily
newspaper to make its entire editorial contents available on a
national online service with Mercury Center, which was launched
in 1993. SiliconValley.com and Mercury Center are part of Knight
Ridder Real Cities(TM), a national network of Internet sites
serving communities across the United States.

   Knight Ridder Real Cities(TM) is a trademark of Knight Ridder
New Media. All other trademarks are the property of their
respective owners.



     --30--ccv/cgo*

     CONTACT:    SiliconValley.com/Mercury Center
                 Doug Edwards, 408/920-5990
                 dedwards@sjmercury.com
                           or
                 Liffey Communications
                 Frank O'Mahony, 650/326-5501
                 frank@liffey.com

								
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