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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST
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To: Amy J who wrote (143962)9/23/2001 10:21:35 AM
From: rudedog  Read Replies (1) of 186894
 
Amy - re: think Angel investors should get big tax savings for their incredibly high-risk investments that are the underpinnings of this country's growth and innovation.

I have seen this personally. A company that I have invested in has completed proof of concept and needs funding to go to prototype. This is not wild-eyed R&D, but a nice wrinkle on existing technology. Last week 2 angels who had been prepared to jump in - we were just working final term sheets in August - decided that things were too uncertain and backed out. A shift in tax policy alone might be enough to get guys like that to be a little less risk averse... but something needs to be done. Everyone is managing to preserve capital, not exactly the way to get the machine chugging again.
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