what type of company do venture capitalists fund?

A few weeks ago I was introduced by my friend Sami Shalabi to the ArabCrunch blogger Gaith Saqer. I met with him at Illy's coffee shop off of Rainbow Street. Over a coffee, he proceeded to tell me all about the entrepreneurial climate in the region, new gadgets on the market, and regional events he helped organize. This guy has his fingers on the pulse of technology and entrepreneurship initiatives in the region and reports on them at Arab Crunch. He invited me to guest author a post on his blog, and I readily accepted. Here it is. I hope you enjoy it:
What Type of Company do Venture Capitalists Fund?.