Steve Jurvetson, a US risk capitalist, said that setbacks in the Estonian economy were temporary and growth would continue soon.
“I feel no concern, because I’m interested in long-term outlooks,” Jurvetson said. “If we invest into some company, we are not interested in what is taking place in that quarter or that year,” he said.
The risk capitalist said it was important how things would stand in five or seven years. “Let us reflect for a moment whether there is something fundamentally worse in Estonia now than half a year ago? There is not. All the preconditions are as good. The fact that economic growth was at one level the previous year and at another this year does not interest me. It will be of no consequence in ten years.”
Jurvetson said the Estonians’ security in the future was their enterprising spirit and information society largely based on e-services.
Jurvetson earned a fortune by the sale of Hotmail and Skype. At present, among other things, he has made investments into the Tallinn stock exchange and Estonian real estate.
Source: Estonian Review
Filed under: Economy in general
