News Burst: e-minister warns of risky online startups
Published: 04 Nov 1999 11:47 GMT
Speaking at the launch of a service for young Net entrepreneurs, Hewitt -- appointed to boost the UK's place in the world of e-commerce -- said the Internet hype may lead venture capitalists to put their money into poorly-thought-out online startups. Individual investors sink their funds into risky online companies at their own risk, Hewitt said.
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