What does this tell you about the state of the startup capital market?
RightSide Capital Management will make 100-200 investments per year.
Via Daniel Horowitz
BetFair chairman Ed Wray: “-Too many hurdles in the way of enterprise”-.
Wray refers to a tax incentive that he and Black used to launch Betfair after they were forced to go to friends and family for funds, having failed to raise capital from institutional investors.
“-That was very useful in terms of getting the business off the ground. Everything I see now is about cutting back on those opportunities.”-