High Tech . . .

is a glamorous phrase used to describe any endeavor that involves the application of sophisticated technology. Many people think of venture capitalists as people who fund high tech companies. The fact is, however, that most venture investors are more interested in return on investment than in the glamour of sophisticated technology. Many do invest in high tech companies, but only when those companies are also emerging growth companies that promise rapid growth and a healthy return to the investor. See: Emerging Growth Companies.