Commercial Spaceflight And The Dawning Age of NewSpace

Looking for the Next Skybox, Venture Capitalists Find a Lot of Bad Business Plans |

SAN FRANCISCO — The recent boom in entrepreneurial space activity is fueling investor interest in the sector, but venture capitalists remain troubled by the number of entrepreneurs they meet who lack sound business plans, panelists said Nov. 10 at the NextSpace Investor Conference here sponsored by the law firm Milbank, Tweed, Hadley & McCloy, investment banker Raymond James and SpaceNews.

“There is certainly a lot more money chasing after deals,” said Shahin Farshchi, partner at New York-based venture firm Lux Capital. “Is that an indicator that there are a lot of great space companies? Probably not, but that does pose a great opportunity for entrepreneurs with good ideas.”

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