Comments on: State Venture Fund to Start at $550M http://ruminationsonrussia.wordpress.com/2006/05/31/state-venture-fund-to-start-at-550m/ Just another WordPress.com weblog Sun, 01 Feb 2009 13:36:44 +0000 http://wordpress.com/ hourly 1 By: The Poster http://ruminationsonrussia.wordpress.com/2006/05/31/state-venture-fund-to-start-at-550m/#comment-118 The Poster Wed, 31 May 2006 13:29:00 +0000 http://ruminationsonrussia.wordpress.com/2006/05/31/state-venture-fund-to-start-at-550m/#comment-118 I am less worried about corruption and more concerned about general incompetence.<br/><br/>Because tech related VC has less cash floating around it's harder to be corrupt - not that it will stop a number of people from trying.<br/><br/>What the post does not say is that fund managers will have to match (at least) government funds - which means that you have to put up a $ to steal one.<br/><br/>However, most money will be lost by backing technologies, not companies and inventors not entrepreneurs. I am less worried about corruption and more concerned about general incompetence.

Because tech related VC has less cash floating around it’s harder to be corrupt – not that it will stop a number of people from trying.

What the post does not say is that fund managers will have to match (at least) government funds – which means that you have to put up a $ to steal one.

However, most money will be lost by backing technologies, not companies and inventors not entrepreneurs.

]]> By: Anonymous http://ruminationsonrussia.wordpress.com/2006/05/31/state-venture-fund-to-start-at-550m/#comment-117 Anonymous Wed, 31 May 2006 13:05:00 +0000 http://ruminationsonrussia.wordpress.com/2006/05/31/state-venture-fund-to-start-at-550m/#comment-117 That's excellent but how effective is this endeavor going to be at combating or functioning under the underground business practices, or rather, to put how Russians call it, the "under the table" business practices? Venture capital, when given too leniently or when the provider closes his eyes, could be a recipe for some serious corruption... That’s excellent but how effective is this endeavor going to be at combating or functioning under the underground business practices, or rather, to put how Russians call it, the “under the table” business practices? Venture capital, when given too leniently or when the provider closes his eyes, could be a recipe for some serious corruption…

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