The summer of 2010 is a heady time for Silicon Valley startups. Venture financing is on the rise: up 49 percent on year to $11.4 billion in the first six months of the year, according to the NVCA. Companies like Skype and Demand Media are venturing into the IPO queue. And law firm Fenwick & West said last week the average valuation of startups increased 30 percent in the second quarter. You don’t need to see the data to see how busy things are: Just visit an area where startups are sprouting like crazy, like San Francisco’s South of Market, and feel the energy for yourself. [...]
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