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Josh Kopelman of First Round Capital spoke about change coming to online shopping and his belief that more disruptive innovation is coming to eCommerce.  Then, of course, Groupon’s massive $135M investment by DST and Battery Ventures demonstrated that big dollars are now flowing to eCommerce ventures.

We took a look at historical eCommerce funding and deal levels tracked by CB Insights from 1998 through 2009 to see what the hard data suggests about this trend.   And the story as you can see for venture capital investments in eCommerce is a positive one.

Moreover, based on our early 2010 deal data, eCommerce dealflow may have its biggest year-to-date since the apex seen in 1999-2000.

eCommerce venture capital deals and funding 1998-2009

To see CB Insights’ profiles and investment activity for eCommerce companies and investors participating in these deals, logon to CB Insights.