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Technology Stocks : AUTOHOME, Inc

ATHM 23.63

+0.3%

3:59 PM EST

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To: KailuaBoy who wrote (23848)	7/24/2000 9:55:51 PM
From: GraceZ	Read Replies (1) of 29970

I believe that Goldman is the last of the Mohicans (scalpers) I'm reading eBoys, a book about Benchmark (the VC firm that backed eBay and lots others) One of the partners is Dave Beirne. He mentions that his former firm, Ramsey Beirne Assc. did the executive recruitment for @Home (working for Kliener Perkins) and they made 4 million just fleshing out the executive suite. The shareholders like us are the last guys on the gravy train. Typically when they recruit a CEO to an Internet startup they give the guy (or as in Meg Whitman's case, gal) 10% of the company. Veeeeeery interesting book. Meg Whitman became a billionaire when eBay went public and it freaked a lot of old line company CEOs out (she came from Hasbro). One of the reasons that the rust buckets have been so slow to open up dot coms has been that they were afraid that it would continue to happen and this would cause an imbalance in their compensation structure big time. Aside from the most obvious problem of them being afraid to eat their own lunch (prefering to let some twenty-somethings in some other Internet snotup.....I mean startup...do it)

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