EBAN in co-operation with LBAN held their annual Winter University last October in Luxembourg.
Over 100 participants attended the one-day event and among the topics discussed, the actual economic situation could not be left out.
In his final statement Anthony Clarke confirmed that it is the right time to make an investment in new and promising projects especially as the financial markets actually do not provide better or no return.
It has also been proved that it is in a downtime period that the most promising investments have been done.
What is your take on this statement that you should try to be greedy when others are fearful and fearful when others are greedy?
It was in 1994 when Jeff Bezoz and his few employees created a web site and database in Bezos’ Bellevue, Washington garage. It was few months later when he approached local venture capital (VC) firms in search for valuable growth capital. None of the venture capitalists invested – they evaluated the idea good, but company not attractive enough for investment. Today, with about 45% stake in Amazon.com Bezoz’s share is worth at least an easy $2 billion, while initial investment he received from business angels totaled marginal $1.2 million.
Ironically, a year later angel and venture capital investments soared and investments were made into virtually everything that went on Internet. Total venture capital investments in the USA increased nearly 15 fold in six years, from a mere $6.3 billion in 1995, to an unworldly $90 billion in 2000. However, the feast did not last long. Everything came back to earth again in 2001, when dot com bubble eventually burst, and when forty-nine out of the Silicon Valley’s fastest 50 lost value, with the majority experiencing market capitalization declines of 80%.
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