Hedge Funds: Alternative to VCs

Spotted at cnn.com:

“Growing companies could be tapping into a new source of capital in 2007: Hedge funds are getting into the private-equity business. And although some are investing in large venture capital or similar institutional funds, other managers are hitting the VC breakfast circuit in search of direct investments.”

“So far, hedge-fund managers behave less like venture capitalists and more like giant angels, including sometimes passing on board seats. “They’re usually not as active as the VCs,” Tencer says. “That’s what everybody thinks is so great about it.”

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