Hamid warns start-ups to steer clear of state-backed funding
Veteran tech investor says capital gained through government schemes sends ‘wrong signal’
One of Silicon Valley’s most high-profile investors has said that Irish start-ups should target private sector investment ahead of state-backed funding.
Mamoon Hamid, a founding partner of San Francisco venture capital firm Social & Capital, said that relying on government-backed venture capital funds “can send the wrong signal to a subsequent investor.’’
Hamid said “It’s self-selection that’s going to happen where the best entrepreneurs will shun that and the mediocre ones will say ‘this...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply