News Burst: e-minister warns of risky online startups

Don't get carried away by Internet hype -- that was the message for investors Wednesday from the UK's recently-appointed minister for e-commerce and small business, Patricia Hewitt.

Speaking at the launch of a service for young Net entrepreneurs, Hewitt -- appointed to boost the UK's place in the world of e-commerce -- said the Internet hype may lead venture capitalists to put their money into poorly-thought-out online startups. Individual investors sink their funds into risky online companies at their own risk, Hewitt said.

Full story to follow.

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