What do venture capitalists (VCs) do all day? What's the hot technology in Silicon Valley? Nikki Goth, Supplements Editor at Red Herring magazine, speaking at a networking seminar in Garmisch, Germany, gave some answers: "Work nonstop is the answer to the first question and the second is a mixture of new technology such as fast modems and bandwidth."
Goth says that fears over how to make money on the Net are just as acute on the West Coast as they are in the UK. "No one really makes money from content and there are just the same fears over the viability of advertising. We'll have to wait and see."
Goth is a staffer on Red Herring (www.herring.com) which has become the definitive technology/Internet magazine for stockwatchers and would-be VCs, and also produces the quarterly supplement Hits, which is the first title to focus exclusively on content from an industry viewpoint.
Goth says the most fun on the magazine is doing the back page interview, which consists of taking your favourite VC out to dinner. "They're interesting people and like to eat in all the best places. But we have the best time because they have to leave to get up at 5am, while we stay on drinking. There are some advantages of not having a hot hi-tech portfolio."
Red Herring was a term coined by investment bankers in the 1920s, when referring to preliminary investment prospectuses as a warning to investors that the documents were not complete or final.
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