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Article: The nano pot at rainbow's end. (Editorial).(venture capital)(Brief Article)
- Article from:
- Mechanical Engineering-CIME
- Article date:
- June 1, 2002
CopyrightCOPYRIGHT 2002 American Society of Mechanical Engineers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The soundest technology is created when developers are fixed on the prize in front of them and not distracted by the pot of gold that lingers at the end of the rainbow if the project turns a profit.
If you're a venture capitalist, the rules and expectations are vastly different. You're backing production of a technology to make money. You hope the venture will enhance a manufacturing cycle or change a process so it will make the return on investment worthwhile, but there's no allegiance to the process, or to the true benefit that may result from the new development.
R&D needs financing, and whether it comes from government, industry, or private ...