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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.43

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3:59 PM EST

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To: rkral who wrote (65021)	11/5/2003 9:56:56 PM
From: Amy J	Read Replies (1) of 77400

OT Hi rkral, I seem to recall a corporate lawyer said no more than 100 investors, otherwise you end up spending huge administrative expenses for reporting requirements that are more time intensive, stringent and extremely costly (requires marcom, legal review etc.) than simple private equity reports done for Boards (income statement, balance sheet, cash flow), VCs and Angels. But one article I recently read said 150 investors, not 100, so am not sure. VCs generally try to kick the Angels out of the rounds, unless the Angel has brand value. There are other requirements too. Regards, Amy J

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