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.