Venture Capital Firms Swarming to Late-Stage Investments

Meanwhile, two wireless-related companies, Aperto Networks and Colubris Networks, recently received $20 million and $13 million, respectively, in funding, Private Equity Week reported on March 8.

Given that VCs are now pouring money at faster levels into companies that are near an offering means that more IPOs in these sectors are likely in late spring and summer. Unless, of course, the recent slide on Wall Street is a sign that the dormant bear is about to wake up. But for now, the Silicon Valley's money mavens don't sound too worried.

"The current correction was overdue, but good, unique companies will still get financed at decent multiples," said Sandy Robertson, a partner of Menlo Park, Calif.-based Francisco Partners, a technology-based buyout firm with about $2.6 billion in assets.