The Web: Founder sales flourishing

CHICAGO, Aug. 10 (UPI) -- During the late 1990s and into 2000, every Internet entrepreneur had the same dream: Start an online company and launch an Initial Public Offering on Wall Street a year or two later, becoming fabulously wealthy in the process.

Fast-forward five years and though the dream remains, parts have changed, experts told UPI's The Web.

Venture-capital spending remains flat, expected to be $21 billion this year, the same as last year, according to a joint survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association, and IPOs have not yet returned to their past peaks. By Gene Koprowski