Byline: Matt Marshall
Oct. 24--PAIN STARTING ONLY NOW IN DATA STORAGE SECTOR: When Armageddon hit Silicon Valley's high-tech economy in late 2000, venture capitalists sought refuge in the "data storage" sector.
Big corporations needed help storing and securing the vast amounts of data they compile from managing their business processes, from supply chains and inventory to customer relations. Since about 1997, the venture community pumped an estimated $2 billion into about 165 storage start-ups, 43 of them in Silicon Valley, according to the database of VentureOne, a venture research firm in San Francisco.
The reason we don't hear too much about them is that the ...