Who said it?

'Hedgies investing in start-ups directly is scary...They are the antichrist of patient, supportive early-stage investing' - Jeff Clavier, founder of California-based venture firm SoftTech VC, tells the Wall Street Journal that a growing number of hedge-fund managers have started to invest more in private Internet companies, leaving the venture-capital scene rattled.

Last Updated: 09 Oct 2013

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