regarding VCs, my personal experience is that things are opening up a
bit again, but most of late 2001 VCs shifted to investing most of their
money into existing investments (second-round) with brighter prospects.
i think the numbers are: ~ $70b raised by VCs 2000, $55b 2001. from CNN
money:
Rakesh wrote:
> I know VC firms are sitting on a $100bn or so, but I wouldn't
> think they'd like to see it go to covering enormous legal costs
> of their start ups. But hell what else are they going to do
with
> it--create another NASDAQ bubble though led this time by
biotech
> and medical equip
Steven,
thank you for your many illuminating posts.
This marking to market seems similar to the false revenue recognition
by software firms which were seem to have thumbing their noses at SEC
standards which differ for software and hardware firms. Aren't there
a whole bunch of lawsuits agains
This crucial story in the LA Times explains the link between the California
energy crisis and the collapse of Enron. As the excerpt below indicates,
Enron needed huge amounts of cash to act as a market maker in energy
futures. The company then assumed that its early profit margins in this
segmen
