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IP: PITY THE POOR VENTURE CAPITALISTS
From: Dave Farber <dave () farber net>
Date: Tue, 02 Jul 2002 11:52:39 -0400
------ Forwarded Message From: Dewayne Hendricks <dewayne () warpspeed com> PITY THE POOR VENTURE CAPITALISTS Venture capitalist Peter Barris is worried that the high-tech hangover is far from over: "You can just look at the numbers and see that another day of reckoning is coming. We are going to have to go through another painful trough." Why is that happening? Because, according to Barris, "we invested in a lot more companies than deserved to be alive." And he's not the only venture capitalist to have discovered existentialism: "The industry has moved from a recessed state to a state of depression," Edwin M. Kania Jr of OneLiberty Ventures. "We are in an existential crisis where venture capitalists are asking, 'What is our purpose? Why am I here?'" (AP/San Jose Mercury-News 30 Jun 2002) <http://www.siliconvalley.com/mld/siliconvalley/3576927.htm> ------ End of Forwarded Message For archives see: http://www.interesting-people.org/archives/interesting-people/
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- IP: PITY THE POOR VENTURE CAPITALISTS Dave Farber (Jul 02)