SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 39.50-3.1%Dec 11 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Amy J who wrote (123719)12/27/2000 4:40:47 PM
From: Saturn V  Read Replies (1) of 186894
 
Ref <..I like doing a startup is that I am in complete control of my financial destiny and feel much more secure with this >

I hope that you are not too dependent upon VC or external funding.

A friend was lured from a very senior position at one of the top companies to head up a B-B company. He was promised by top tier VCs like KP and Sequoia, that future funding would be forthcoming as long as certain business milestones were met. All the milestones were met, but now the VCs have reneged on their commitments since the B-B IPO market looks questionable now.

Now my friend is in a world of hurt, because he lost untold millions when he walked away from the options of his old employer.

Anyway I admire your gutsy risk taking attitude. You seem to be taking the right level of risk by being prepared for the possible downside. You have stayed away from margin, and the bloated dot.com stocks. A lot of younger people that I know, got completely wiped out during the last 9 months, because they could not fathom the downside risks.

Regards
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext