The main problem for Switzerland is not a lack of venture capital, but rather the Swiss Franc.
Cost of living in Switzerland is extremely high, which means a company has to pay huge salaries, and thus command bigger prices for its product. While that works fine when the product is luxury watches, diamonds or highest-quality cheese, it does not work out for "mass production goods" as any product (be it a physical product or a web service) can be cloned in the EU or in China for way less and then sold to Swiss people...
Cost of living in Switzerland is extremely high, which means a company has to pay huge salaries, and thus command bigger prices for its product. While that works fine when the product is luxury watches, diamonds or highest-quality cheese, it does not work out for "mass production goods" as any product (be it a physical product or a web service) can be cloned in the EU or in China for way less and then sold to Swiss people...