Venture capitalists flooded startups with $13 billion in capital during the second quarter of 2014 — up 34 percent from the previous quarter, to a level not seen since 2001.

That’s according to the latest MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association. Venture capitalists “are pushing back” against the idea that they are driving up valuations reminiscent of the dot-com bubble of the late 1990s, The Fiscal Times reports. Source: