On Sunday 22 Dec 2002 6:05 am, Lee wrote: > Curious as a businessman of some experience. Can you say what these "bad > business decisions" were? I don't mind shovelling a bit more down the > tube, but I would be interested in why it's necessary.
As I understand it, the venture capitalists liked what they saw a couple of years ago, and invested heavily to make a quick buck - you know what IT was like in those heady days. Then the bubble burst, they had not made the quick buck so they pulled out their support, leaving Mandrake with obligations that they had entered into, but no funds to support it. Meanwhile, true to form, they had put in their own 'experienced' manager, who added to their obligations and gave them little or nothing in return, practically bankrupting them. Personally, one of the things I like about Mandrake is their apparent integrity. They appear to be honest and open, which is ethical, but not always acceptable to financiers. Anne
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