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Technology Stocks : Softbank Group Corp
SFTBY 54.94+6.1%3:59 PM EST

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To: Edwin S. Fujinaka who wrote (4760)4/6/2000 3:04:00 AM
From: Taikun  Read Replies (2) of 6020
 
Edwin, I was at the National Venture Capital Assn Annual Meeting today (actually met John Doerr) but there was a very interesting panel with one person from Idealab, one from CMGI, Jake Winebaum (Earthlink founder, now ecompanies) and Geoff Yang of IVP. The question on whether to go public or not was really interesting. ecompanies is thinking about it, Idealab has the Investment Holding Act issues, as we know. CMGI (Jon Callaghan) said that although the publicly traded stock may trade at a discount sometimes (ie now) to underlying assets' unrealized value, CMGI was finding publicly traded stock as a superior way to attract top talent compared to the 'carried interest' at an unlisted VC that can limit one's upside plus make it difficult to allow new joins to share in the winnings.

That said, Softbank should be able to use this currency to get top talent around the world. If they can, could they not continue to dominate the venture capital 'talent' pool? Just a nice thought?

By the way, if you're interested, here is that pesky act (Investment Company Act):

law.uc.edu
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