Europe's Plain Joe Venture Capitalists
French entrepreneur Gilles Ridel is a firm believer in venture capital. After the March, 1999, sale of his Paris Web-design company, Avenda, to Jet Multimedia for $10.6 million--10 times Avenda's estimated worth eight months before--Ridel had the cash to become a venture capitalist himself. "People quickly knew what happened and contacted me," said Ridel. "I'm looking at investing in some of these companies."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.