Thursday, January 1, 2009

Government Plan: VC investments Redux

See the latest on VC investments here, but my favourite bit of this exceptionally well researched and written article is towards the end:

"Illiquid investments like venture-backed startups don’t look so hot. VCs 'have been living off fumes for a long time now,' says one prominent Silicon Valley investor. 'If you have any money, the last thing you’re going to do is put it into an asset class that hasn’t generated a return for ten years.'"

Well, apparently Irish Government knows something that Harvard economists, Forbes journalists, global 'smart' money and this humble blogspot (here) all have missed - an alchemist's formula for turning taxpayers' cash into Exchequer Gold via VC investments in 'greenish and techy things'...

What can possibly go wrong now?
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