Right or wrong?
New York Times :: The gears of Silicon Valley continue to mesh and turn because of money, not necessarily technological innovations. And there are certain things about that money machine that denizens of the Valley would rather keep quiet.
[Nick Bilton:] ... often the entrepreneurs (small start-ups) finance — are not interested in building viable long-term businesses. Rather, they’re interested in pumping up enough hype and valuation to find a quick exit through an acquisition at an eye-popping premium.
HT: Mathew Ingram here:
is it true that "most venture capitalists... are not interested in building viable long-term businesses"? nyti.ms/IfGAwR— Mathew Ingram (@mathewi) April 29, 2012
Continue to read Nick Bilton, bits.blogs.nytimes.com