But I didn't know how to do it. The venture capitalist urged Lubitz to figure out a commercial use for his idea and to write a business plan. Lubitz called former student Martin Steiner, who had a master's degree in business administration and was working for a large U.S. drug company. This company and all the others springing up around here would not exist if it wasn't for the availability of venture capital. The reality is that jobs are created in small-sized companies.
People are willing to look at new opportunities.
One of the most frequently heard explanations for the recent venture capital boom is that investors have found it increasingly easy to cash in by taking maturing companies to the stock market. Until quite recently, it was almost impossible for a company without a solid profit history to get a listing on a main stock exchange. Since most start-ups don't turn a profit for years, venture capitalists didn't have an easy way to recover their money. The ability to cash out through listing on second-tier exchanges has begun to change the attitude of pension funds and other institutional investors, but venture capitalist funds are also increasingly turning to rich individuals. The European makes a lot of money and retires.