Why nanotech venture funding was down in 2004

Steve Barns, aka Nanopundit, looks at why venture funding for nanotech was down in 2004: "The drop in funding in 2001-3 has left a gap in companies ready for 'later round' funding. This gap is being filled with new investments and I expect to see a dramatic upsurge in funding as these nanostarts mature…as the pain from 2000 goes away [venture capital] will come into the market and fund all sorts of new companies. Then nano will be competing for venture dollars with bio, IT, security and who knows what else. It will be interesting and fun to watch…Is it time for nanotech to get some love? Itís going to happen, Iím just glad Iím not trying to go public right now."