Really, the Internet is broader than one sector. We're going to focus on companies that focus the least on technology. Tech companies just are not attractive. They are too competitive, and they have predatory pricing.
More Quotes from Ryan Jacob:
We're focusing on companies that will be long-term players on the Internet.Ryan Jacob
Three years ago, nobody took the Internet seriously. We're in it for the long term.
Ryan Jacob
I think we've had a tremendous run. I mean Nasdaq had a terrific year. A lot of the Internet names that we hold in the fund had terrific years and quite frankly I think going forward it's going to be more challenging.
Ryan Jacob
Something has changed (with Internet investing). You don't have the craziness of a wild IPO market.
Ryan Jacob
The news flow (from companies) is still quite negative.
Ryan Jacob
The IPO market right now is very weak. However, when you have a deal this size and this level of recognition, a blue chip company, generally, companies like this can supersede market conditions.
Ryan Jacob
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