Venture Capitalism in a Bad Economy
With the credit market still frozen in our ailing economy, businesses of all sizes are nervous about the potential of losing loans. Not only do new businesses worry about producing innovative and interesting products and services that will maintain their competitiveness, but fledgling companies now carry the burden of simply staying afloat while banks continue to die off. So if established businesses are failing, how can up-and-coming ideas gain capital, build business and move to the forefront in a wrecked economy?
Although times are tough, there are many venture capitalist companies that continue to thrive. Arthur Trueger is an example of a keen and devoted businessman who can see opportunities within the ruin. He is the chairman of Berkley Technology Limited, located in San Francisco, California. The company primarily serves the telecommunications and medical industry.
Arthur Trueger works in the epicenter of new technology, providing support to many leading businesses in Silicon Valley. He has helped fund approximately $2 billion in private equity investments for many of the most successful US technology companies.
In order for the U.S. to be a dominating force in the world’s economy, we must continue to push out new ideas and seek our fullest potential. Arthur Trueger is an example of a venture capatalist whose work ethic drives the development of the business sector.
