Harris & Harris & The Long Haul

Seeking Alpha has a bit of a puff piece about Harris & Harris, the doubly eponymous nanotechnology investors founded by the late Charlie Harris but misses the big story, which is simply this.

To invest in an emerging technology takes time, ten to twenty years, which is three or four times the lifetime of an average venture capital fund, which is why most investors in “the coming nanotech boom” got their fingers burned. Harris & harris were one of the few firms that not only spotted the opportunity, but were also smart enough to make sure they could invest for the long term. While their performance on the NASDAQ hasn’t been stellar, it’s been good enough to provide a decent return, and given the timescales involved, the best is probably yet to come.

 

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