EXHIBIT 23.2

                          INDEPENDENT AUDITORS' CONSENT

The Board of Directors
Internet Capital Group, Inc.

We consent to incorporation by reference in the Registration Statements (Nos.
33-41853, 33-48579, 33-48462, 2-72362, 33-72559, 33-72560, 333-75499, 333-75501,
333-86777, 333-65092, 333-73284, 333-103976, and 333-69246) on Form S-8 and in
the Registration Statements (Nos. 333-86675 and 333-32512) on Form S-3 of
Safeguard Scientifics, Inc. and subsidiaries of our reports dated March 9, 2004
with respect to the consolidated balance sheets of Internet Capital Group, Inc.
and subsidiaries as of December 31, 2003 and 2002, and the related consolidated
statements of operations, stockholders' equity (deficit), comprehensive loss and
cash flows for each of the years in the three-year period ended December 31,
2003 and the related financial statement schedule, which reports are
incorporated by reference in the December 31, 2003 annual report on Form 10-K of
Safeguard Scientifics, Inc.

Our report dated March 9, 2004 contains an explanatory paragraph that describes
Internet Capital Group, Inc.'s change in its method of accounting for goodwill
and accounting for notes receivable from stockholders in 2002 and derivatives in
2001.

                                                      /s/ KPMG LLP

     Philadelphia, Pennsylvania
     April 14, 2004