Economics
U.S. Investors Miss Iran Deals Worth Billions, Greylock Says
- Institutional managers' Iran return likely years away: Humes
- Daimler, Airbus have made deals, while U.S. firms are stalled
Iran Delivers Its First Tanker of Crude to Europe
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U.S. investors are at risk of getting shut out of deals in Iran while their European competitors get a head start on billions of dollars in opportunities unlocked by the lifting of international sanctions, according to Greylock Capital Management.
“It seems like the U.S. might miss this opportunity because the Europeans are going to move regardless,” Hans Humes, Greylock’s chief executive officer and chairman who traveled to Iran in June, said in an interview in Mexico City. “It almost doesn’t matter what the U.S. does because once it starts opening up to Europe I think the economy in Iran will start to move.”