The Rebirth of Venture Capitalism

Venture capitalists, who faded from the limelight after the bursting of the dot-com bubble, have been making a comeback with a global focus, says Bob Higgins, founder and managing general partner of Highland Capital Partners, a venture capital firm in Lexington, Mass., and a senior lecturer at the Harvard Business School.
In a conversation with The New York Times, Mr. Higgins says that while in the near term V.C.’s will continue to focus on conventional technology sectors, the Internet and biotech, there is a globalization occurring, which includes a movement into new sectors.