Up and coming optical startups Message Board

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Technology Stocks : Up and coming optical startups

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To: Raymond Duray who wrote (11)	10/16/2000 2:24:54 PM
From: Sharck	Read Replies (1) of 84

"It would appear that Innovance is trying this on a relative shoestring, as far as funding is concerned...." If you mean they might be trying to avoid the VC route and go straight to the mkts down the road, I would agree this is the best strategy. VCs are bending over themselves to give optical startups cash but they don't give it away for free. Sure there is value added, but these guys generally ask for half the company. Having Kirk and Joe on "board" means they already have better connections than the VCs may try to offer and deep pockets to boot. "A comparable might be another stealth mode company, Mahi Networks, which secured a second round of USD 64MM last summer, or Digital Lightwave which has funding well over USD 100MM. There are a number of other examples as well". WOW, that is serious VC. Rare that any Canadian start-ups would gain access to a fraction of that kind of money. "brain drain" no question here too. I heard of headhunters hanging around lobbys, cafaterias and parking lots of hi-tech firms. CSCO recently posted a huge billboard facing one of NTs facilities targeting their engineers. Though "options" may be losing clout in the dot com world, they are certainly still very effective draw in the FO world as the pay back is still deemed a sure thing at IPO. "one should never leave a party until the booze was all gone". I remember it well... Sharck

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