Venture capitalists becoming choosier

Investors are spending more money and time with the few companies they choose to invest in.

Elton Cane

November 03, 2000

Listing options are drying up, venture capitalists have the money, but arent giving it away like they used to, and the media is full of doom and gloom stories about companies in the internet sector. Not a good time to be an entrepreneur, you might think.

But if events like Internet World 2000 in Hong Kong and the recent Gorilla Asia dotcom retreat in Thailand are anything to go by, it is actually a great time to be an entrepreneur, providing you have the right business. Those companies that do get funded are likely to get more money and more long-term support from their investors. But those who cant get the...

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