Dave McClure, entrepreneur and angel investor. Credit: kris krüg | Flickr | CC BY 2.0
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“Local investors whine about entrepreneurs. Usually the real challenge in most markets is that the investors don’t have their act together, the investors don’t take risks and the investors don’t know how to build their own ecosystems.” Hearty applause followed these words, spoken by Dave McClure in his keynote speech at ArabNet’s Digital Summit in Dubai. But he quickly added a caveat: “Investors aren’t the only ones to blame; entrepreneurs screw a lot of things up, too.” McClure is an entrepreneur, angel investor and founding partner of global seed-stage venture capital fund and accelerator 500 Startups. He is also behind the initiative Geeks on a Plane, which organizes international tours for startups, investors and executives to learn about and visit high-growth technology markets around the world. McClure’s balanced statements pin investors and entrepreneurs as having equally important responsibilities to work toward the success of a company. But risk-averse investors need to play
