KUCHING, Oct 27 The Sarawak government and its wholly company Hornbill Skyways Sdn Bhd today signed a memorandum of understanding (MoU) on the management of rural air.
A moral compass for VC firms is non-negotiable
Joseph Dana Filed on December 15, 2020
Criticism of the VC sector, however, is not meant to undermine its ability to propel innovation.
Venture capitalism isn’t a new idea. But it’s only in the last three decades that its effectiveness has come into sharp focus. The most innovative technology platforms and products of recent times have often been funded by venture-capital (VC) firms. The rise of VCs has been so profound that some argue that they’re the new central planners. However, unlike governments, VC firms don’t operate in public interest or have to report to anyone except their own shareholders and investors. There have been some spectacular lapses and it is high time the sector was reformed.
Sovereign wealth funds can get venture capital and tech firms back on track Updated Dec 15, 2020 | 15:08 IST
Criticism of the VC sector, however, is not meant to undermine the incredible ability of venture capitalism to propel innovation. Representational image | Photo Credit: iStock Images
Venture capitalism isn’t a new idea. But it’s only in the last three decades that its effectiveness has come into sharp focus. The most innovative technology platforms and products of recent times have often been funded by venture-capital firms. The rise of VC has been so profound that some have begun to argue that VC firms essentially are the new central planners. However, unlike governments, VC firms don’t operate in the public interest or have to report to anyone except their own shareholders and investors. There have been some spectacular lapses as a consequence of that. It is high time the sector was reformed.