Day of the Fast Buck is Gone

Venture capitalists are "stuck in a 1990s mindset" and risk a strained relationship with the technology sector unless they adjust their way of thinking and lose their eagerness for a fast buck, a leading Scottish technology entrepreneur has warned.

David Sibbald, chairman and chief executive of Sumerian Networks, said technology firms have acknowledged that building a sustainable business takes much longer than in the boom years of the late 1990s. While the story comes from Jay Fraser of the Glascow Sunday Herald, it seems worth sharing on this side of the pond.

You may read the :article here.

Via the newsletter of the National Association of Seed and Venture Funds