Tech investors should keep the faith
E-commerce
26 March 2008
Investors in internet start up companies have been told to keep the faith and not let the current economic situation reduce their funding, the Guardian reports.
The internet industry has not suffered from the current credit crisis and Robin Klein, of European investment company The Accelerator Group (TAG), told the paper this left its investors in a unique position.
"The technology venture community isn't directly affected by the credit crunch environment because they are mostly based on equity funds - they aren't built on debt," he said.
Mr Klein explained that TAG was keen to put its money into repeat investors and there were plenty launching new ventures.
He noted: "We've definitely got a wave of second and third time entrepreneurs."
According to analysts Netcraft, there were 2.6 million new websites published in February - its survey received responses from a total of 159,209,426 sites.
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