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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (78524)3/11/2001 4:21:51 PM
From: Zeev Hed   of 436258
 
Actually, some VC's got into the game quite late, ICGE did not get the $1 Billion he thought he might get for RightWork, last year they were discussing a $billion (in inflated ITWO stock) and the deal went out last week or so for only $100 MM of still slightly inflated ITWO stock. I hear that Paul Allen is trying to get rid of quite a number of his start ups to the highest bidder, and the bids are not coming in at the levels of his investments.

But you are absolutely right, "don't cry for the VC's , Argentina...", and you are also right tat taxation by itself (without the money flooding machines of the feds) did not create that dot.com bubble, but to bring a "point home" (the point that it is dangerous for the government to get into the game of capital allocation through preferential taxation), I used some "extreme" language.

Zeev
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