Venture Capitalists Question Rankings

VCs in Silicon Valley question the latest technology rankings from the World Economic Forum, according to Red Herring.
“Singapore finished first in the report, which ranked ‘networked readiness.’ Iceland, Finland, Denmark, and Sweden moved into the second, third, fourth, and sixth spots, respectively.
“‘Those rankings don’t make sense,’ said Warren Weiss, general partner at Foundation Capital, a Menlo Park, California, firm that invests almost exclusively in America and whose portfolio companies sell globally. ‘The United States is still the number-one place you want to sell and market your IT products.'”