Fledgling Irish firms pitched for international investment in London this week, writes MARK HENNESSY
MICHAEL KATZ of Arizona-based venture capital (VC) firm, TCF Capital spends his time hearing presentations by developing companies seeking investment, often from up to 60 firms in the course of a single day.
This week, he was one of 90 venture capitalists brought together by Enterprise Ireland in a Hilton Hotel in the City of London to listen to 25 Irish software and medical devices companies. Like others, Katz was impressed.
Despite Ireland’s economic woes, Katz, speaking during a break in the presentations, said he sees potential: “Ireland seems like a great stepping-stone for us. We were there a few weeks ago and we liked what we saw.
“We are still looking at it, so we are getting our bearings about the landscape. But we would hope to be quite aggressive. We are always looking for interesting companies to help with our US portfolio (for investors),” he told The Irish Times.
To read the full, original article click on this link: Venture capital groups believe time is right to back start-ups - The Irish Times - Fri, Nov 05, 2010
