Saturday, October 28, 2006

Shuttleworth Calls for early stage VC Funding

Mark Shuttleworth, the well know technology entrepreneur turned Venture Capitalist, who heads up the venture firm HBD recently called for more VC firms to become active, especially in the early stages of start-ups in South Africa. With so many VC firms being prepared to only get involved in the growth stages of new firms, many small firms are of the opinion that VC firms are to keen to feed of the spoils once most of the risk and hard work has been taken on.

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