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Tech Execs Hide IDs to Avoid Getting Mobbed at Summit

  • Lack of venture capital leaves startups desperate for cash
  • An hour to cross the room: `There’s too much hustling'
Corrected

European startups are so hungry for cash that executives and would-be investors at this week’s Dublin Web Summit are concealing their ID badges and even taking refuge with reporters to avoid being accosted by desperate entrepreneurs.

“It’s really crazy. You get people walking alongside you through the conference, pitching their company,” said Patrick Alberts, head of corporate development at Xing AG, Germany’s answer to LinkedIn, wearing a red “Investor” lanyard. “No matter how much you tell them you’re not interested.”