Sunday, February 11, 2007

Not easy to foresee in VC space

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Not easy to foresee in VC space

Technology will continue to anchor venture capital (VC) industry, says Vishnu Varshney in Venture Finance in India. And to those who uneasily remember the past fiascos of technology, the author explains that the past failures of Internet companies were because `the entrepreneurs failed to understand how the Internet affected organisation structures and market'.

Varshney, who is the President and CEO of Gujarat Venture Finance Ltd (GVFL), is confident that the Net will continue to impact the way business is carried out at least for the next two decades. "The networked company will drastically change and make organisation structures, market and business models more complex. This will make the job of venture capitalists more difficult and will require a deeper understanding of business."


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