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Technology Stocks : ANNOUNCE: Silicon Investors Group venture pool

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To: Doug Lakin who wrote (89)7/11/1996 7:20:00 PM
From: m stone   of 103
 
I do believe that public companies is what the trust has in its portfolio. What I was thinking is that the company that runs the trust I think its name is Reich&Tang could be the ones that aid us with their expertise to set up venture pool - ya know meet the legal requirements (Federal, state & Canadian??), the secure banking/deposit aspects, bookkeeping, negotition with the private firms the pool may want in to invest in, etc., etc.

I agree that it should be the members of the SI pool who determine what is to be part of the portfolio (and giving advice/expertise to the companies choosen - something that business angels do) but having a professional firm as a "front man" will get more respect from companies than a whole bunch of "little" investors. (When was the last time the Bill Gates returned your call? :-)) ) Besides which answering the same questions from 100 or 1000 people gets to be a bit tiring (not to mention expensive), whereas answering all the questions from one is not.

By the by I have NO relationship with Reich&Tang I only suggest them as a possiblity amoungst all the firms out there. The reason I think that they might be approachable is the fact that the trust(s?) they run look to be high tech. Which SI is "all" about, although there are nontech issues discussed on other parts of the board and the pool should definitly not limit itself to only high tech. And I do believe that if we did get Individual Investor (another company I have no relationship with beyond reading their magazine) "on board" this would be a major influence on R&T to do business.

I'm looking at this sort of as "contracting out" a piece of the business (something all the big firms are now doing) to someone who can do it more efficiently, less expensively and more knowledgeably.

Does all this make sense or am I totally off the wall with my thinking?
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