April 5, 2012 07:05
by J. Wylie Donald
Imagine an industry. Let’s make it a high technology industry. And we’ll make it risky. It will be a new technology, linked to other new technologies. We’ll have over a dozen companies in this industry and some of them will partner with their suppliers or their customers, just as established industries do. And just because it is new technology doesn’t mean that old issues don’t matter. Each company will still have to satisfy investor expectations, raise money, hope demand stays ahead of supply, beat out their competition (...