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This is why living in the Napa Valley has such
benefits to those who wonder what has happened to our financial markets .... we
have a crossing over between a seeder/breeder/infector in the ways of keiretsu,
Kleiner Perkins, and the wine industry ... only they were left holding the bag
in the final analysis.
SEATTLE -- Amzaon.com invested $30 million and will
provide marketing support for the San Francisco-based WineShopper.com, which
ties together a network of wholesalers, retailers and wineries. Amazon
bought a 45% stake in the company, and Kleiner Perkins Caufield & Byers
bought a smaller stake for $14 million."
WineShopper.com then purchased wine.com for $120
million; wine.com was sold for only $10 million to eVineyard.com in Oregon, save
for distress wine which netted some few millions at auction in the fall, and
another $4 million just sold to a distress product food chain ...
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