GREED: A DISEASE WE ALL HELPED SPREAD STATEWIDE Edition

Venture capitalists were like sheep, diving into the newest new thing only if their colleagues did. If you were an entrepreneur growing a solid company with only 25 percent growth potential, the venture capitalists weren't interested. Whereas traditional venture investing returns had been 15 pe...

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Bibliographic Details
Published inThe Hartford courant
Main Authors Faust, Halley S, Halley S. Faust of West Hartford is a physician, venture capitalist and a part-time graduate philosophy student at Wesleyan University
Format Newspaper Article
LanguageEnglish
Published Hartford, Conn Tribune Publishing Company, LLC 20.07.2002
Subjects
Greenspan, Alan
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Summary:Venture capitalists were like sheep, diving into the newest new thing only if their colleagues did. If you were an entrepreneur growing a solid company with only 25 percent growth potential, the venture capitalists weren't interested. Whereas traditional venture investing returns had been 15 percent to 20 percent per year, the expectations had crept up to 50 percent and 100 percent based on the boom of the NASDAQ. Entrepreneurs and venture capitalists were just the nick in the skin that let the infection take hold. For an infection to fester and grow we need a rich, frothy culture medium -- enter the investment bankers. "As I See It," an opinion column on matters of public interest based on personal reflections, appears occasionally on the Saturday Opinion page. Readers and Courant editorial page staff members will be among the contributors. Each column should not exceed 650 words. The Courant reserves the right to edit the content for accuracy, grammar, good taste and length. Please send submissions to: As I See It, Editorial Page Dept., Hartford Courant, 285 Broad St., Hartford, CT 06115 , fax them to 860-520-6941 or e-mail them to asiseeit@courant.com .
ISSN:1047-4153