<< I don't quarrel that lots of purely speculative startups are being valued absurdly, just that I don't think this is one of them. Time will tell, I voted with my pocketbook>>
Wise Comments.....E-Loan is backed by the same VC firm (Benchmark Capital) that incubated eBay, Ariba, Rambus, Palm Pilot, etc...Their record is legendary. E-Loan also has Sequoia, Softbank and Yahoo as strategic investors and partners. This firm IMO has the talent, the business model, the brand, the backers and the partners in order to become the dominant player in the online mortgage marketplace. I have invested in EELN (in the 20s and the 30s) with a multi-year time horizon. If the stock corrects some more I may even add to my holdings. The short term volatility should not concern those who have done their homework on this unique internet company.
Best Regards,
Scott |
