Venture capitalists are still investing in flashy Internet start-ups, but the "Next Big Thing" is more likely to be a maker of humdrum Internet plumbing for businesses.
The Wall Street Journal's third annual ranking of the top 50 venture-capital-backed companies shows a crop of contenders that overall are focused less on online consumers than in years past.
The top three ranked companies are all business-product makers: Genband Inc., a supplier of voice-over-Internet-protocol technology to telecom companies; Xirrus Inc., a provider of wireless networking equipment; and Tabula Inc., which makes semiconductors for electronic products.
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