Other Dot Com Lessons
Despite the bursting of the dot com bubble, it is still much easier for early-stage companies to get access to capital that it was at any time before 1998. While the system is far from perfect, there is still a huge amount of money subscribed to private equity investment firms that could be used for nanotechnology. But just as underinvestment can be a problem, overinvestment can also present difficulties. No matter how hot the technology and how urgent the need to bring it to market, there is still a limit to how much money a firm can absorb and apply usefully to its business. While a cash-starved firm will not be able to pay its bills, purchase lab equipment, or hire crucial scientists and technicians, an overfunded firm ...
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