Technology
Early Cubic Telecom investor says Softbank deal shatters ‘glass ceiling of ambition’ for Irish firms
John Flynn of Act Venture Capital says more firms and their backers should hold firm and resist early exits
Japanese conglomerate Softbanks’ landmark €473 million deal to take a majority stake in Cubic Telecom should empower tech founders to resist an early exit, one of the firm’s earliest investors has said.
John Flynn, managing partner at Act Venture Capital, said that entrepreneurs can now stay on and lead their businesses to even greater success rather than selling up at an early stage.
It has been a common complaint that Irish companies don’t live up ...
