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Facebook's (FB) IPO marks the end of Silicon Valley's golden age, laments Berkeley/Stanford...

Facebook's (FB) IPO marks the end of Silicon Valley's golden age, laments Berkeley/Stanford prof. Steve Blank. His argument: with Facebook and other social media/mobile plays delivering huge returns in a short amount of time, VCs now have little interest in funding companies tackling major science and technology challenges that have a longer payoff. Only Google (GOOG - previous) and Tesla's (TSLA) Elon Musk seem up to the task.
Comments (1)
  • "VCs now have little interest in funding companies tackling major science and technology challenges that have a longer payoff. "

     

    Of course, the 99% of the 1% is more interested in shareholders/investors returns than anything else ...
    22 May 2012, 07:26 AM Reply Like
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