On Forbes.com today, early-stage Cambrian Ventures Founder Venky Harinarayan opines that the market drop may be the solution to a trend in which, with the IPO window closed, entrepreneurs and their VCs have been left only with selling. The result: We've been "replacing potentially great companies with underperforming divisions of mature companies. Acquisitions invariably remove both the future risk and rewards -- not just for the company but for society as a whole. Innovation is stifled, and that hurts us all." He sees a return to investing in high-growth Tech companies and the resurrection of the IPO market that has been moribund the past eight years. But, first, he says, startups must survive 2009.
Tuesday, November 11, 2008
Forbes says crash will help Tech innovators
On Forbes.com today, early-stage Cambrian Ventures Founder Venky Harinarayan opines that the market drop may be the solution to a trend in which, with the IPO window closed, entrepreneurs and their VCs have been left only with selling. The result: We've been "replacing potentially great companies with underperforming divisions of mature companies. Acquisitions invariably remove both the future risk and rewards -- not just for the company but for society as a whole. Innovation is stifled, and that hurts us all." He sees a return to investing in high-growth Tech companies and the resurrection of the IPO market that has been moribund the past eight years. But, first, he says, startups must survive 2009.
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