VCs hesitant to peer over the edge

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Red Herring:

"If neither corporations nor VCs embrace [edge] platforms, there could be a continued malaise in edge-application funding. If that happens, it might take Microsoft to push venture capitalists back into the fray — a twist, since for years VCs avoided funding application companies, primarily out of fear of competing against Microsoft. But the company has been aggressively courting VCs for its .Net Web-services strategy, an offering that basically promises anytime/anywhere software from the Internet."

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