VC States New FCC Rules will Harm Startups

In the latest issue of the MIT Technology Review, Brad Burnham, managing partner at Union Square Ventures, states that “his firm will steer clear of start-ups working on video and media business, and it will avoid investing in payment systems or in mobile wallets, which require ultra-fast transaction times to make sense. ‘This is a bad scene for innovation in those areas’.”

Vol. 117, No. 4, July/August.


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