Although their stocks have been on the outs since the tech bubble burst four years ago, a new generation of Internet company stocks is gaining popularity.

"All of us took more risks [in the late 1990s] than we should have," said Ryan Jacob, portfolio manager of the Jacob Internet Fund in New York. "Today, investors are much more scrutinizing, and it is a much more rational environment."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.