Venture capitalists charge state three times average

Irish venture capitalists are charging the state more than three times the industry average to invest hundreds of millions of euro of taxpayers’ money in up-and-coming companies.

17th July, 2010
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Irish venture capitalists are charging the state more than three times the industry average to invest hundreds of millions of euro of taxpayers’ money in up-and-coming companies.

A confidential audit into Enterprise Ireland’s seed and venture capital funds has raised questions about the management fees being imposed by fund managers, after uncovering evidence that up to a third of certain funds are being spent on such fees.

While standard management fees are...

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