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...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year