Thursday, March 05, 2009

VC says fund R&D not his Competitors

Blogger: US should fund research, not venture capital - The Boston Globe

Scott makes great points herein. Of course, he is a VC and I always find it interesting that the handful of VCs think there are too many in the business. Seems they prefer competition of the free market for every but themselves.

Still, a good take on the industry.

He also says there are 3 things we need to fix to thaw out the IPO market:
1. Sarbanes-Oxley
2. Increase HB-1 visas (as long as they are not working as VCs I guess)
3. Keep capital gains taxes low

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