[opendtv] Re: News: Venture Capitalists Get Tough
- From: Kon Wilms <konfoo@xxxxxxxxx>
- To: opendtv@xxxxxxxxxxxxx
- Date: Mon, 23 Feb 2009 12:15:02 -0800
On Mon, Feb 23, 2009 at 7:42 AM, Craig Birkmaier <craig@xxxxxxxxx> wrote:
> VCs are looking for quicker payback than they expected in the past,
> Weinstein said. Second and third funding rounds are becoming a thing of the
> past. They are also looking for companies with established customers,
> products and revenues--or at least two of the three, and not necessarily
> just any revenue source.
Ah, VCs looking for companies with customers, products and revenues,
in order to make a quick profit. Brilliant!
Translation: we're looking for low-risk investment of our high risk monies.
*claps slowly*
Cheers
Kon
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