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September 14th, 2010
Soon after the tech bubble burst in 2000, investors searched for a new industry that could replicate some of the massive gains seen by investors just a few years earlier. The major investment magazines helped to boost the hype into the stratosphere. The hot technology? Nanotechnology.
Ten years on, the industry has seen limited success, and most of the major players have been vehicles to separate investors from their money. In fact, the U.S. government and the venture capital community have poured nearly $20 billion into the industry during the past 10 years, without a lot to show for it. As a result, investors have steadily drifted away from the sector.
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