Early stage financing in the communications sector needs fixing
telecom | 10/25/2007 1:14 pm EDT
It's a relationship that's spawned several success stories, delivered innovation to consumers and made many people rich, but the once bright union between venture capitalists and communications companies is on the rocks. And some experts are saying that this marriage needs more than time to heal its wounds. "The future is certainly not bright," says John Ruffolo, national leader for Deloitte's technology, media and telecommunications practice. "I'm always optimistic, but I've never seen the situation so dire."According to data produced by Thomson Financial, less than $68 million in venture capital has been invested in Canadian communications firms during the first half of 2007. Last year, the same sector drew nearly double the funds, with more than
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