Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (54324)	1/5/2001 12:58:03 AM
From: Ken98	Read Replies (2) of 436258

<<GE to Close Unit That Finds Angels for Startups By Vishesh Kumar GEVenturemine, an online service that matches entrepreneurs with potential angel investors, will cease external operations as of Jan. 13. A representative for General Electric said GEVenturemine would be refocused as an internal tool for GE's venture capital arm, GE Equity. [...] The service was launched when GE Equity, which invests between $5 million and $10 million per deal, started to see a number of deals too small for its own needs. Though the firm declined these deals, it was aware that other investors were looking for them. GE's venture arm has invested about $5 billion in 370 companies; the representative said GE Equity made about two-thirds of those investments for strategic as well as monetary reasons. [...]>> biz.yahoo.com Yes, ladies and gentlemen, that would be $5B in stranded capital with no viable exit strategy. Can you say mark to market?

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