Credit crunch a good thing, say venture capitalists

Almost 70 per cent of Irish venture capitalists believe that the credit crunch will boost their business, as it will make it more difficult to raise loan financing.

14th June, 2008

Almost 70 per cent of Irish venture capitalists believe that the credit crunch will boost their business, as it will make it more difficult to raise loan financing.

That should lead to firms turning to venture capitalists for money, according to a survey of members of the Irish Venture Capital Association (IVCA). However, nearly two-thirds of respondents believed that current market conditions would affect the likelihood of client firms floating on the stock market over the...

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