Hungarian entrepreneurs are on the prowl for venture capital, and there's a proposal to get the government into the business of providing it. But at a Budapest conference today, a leading banker warned that the speculative nature of VC made it a bad enterprise for the public. "The public will hear nothing about the successes, [but] it will hear extensively about the failures of these investments," said Peter Rona, CEO of the First Hungary Fund.
VC in Hungary
Hungarian entrepreneurs are on the prowl for venture capital, and there's a proposal to get the government into the business of providing it. But at a Budapest conference today, a leading banker warned that the speculative nature of VC made it a bad enterprise for the public. "The public will hear nothing about the successes, [but] it will hear extensively about the failures of these investments," said Peter Rona, CEO of the First Hungary Fund.
