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Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.)

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To: Brian Warner who wrote (1116)	2/1/1998 9:04:00 AM
From: Steve	Read Replies (1) of 1470

No more bargain-basement startups Friday January 30 6:59 AM PST headlines.yahoo.com By Lisa M. Bowman SAN FRANCISCO -- Basement startups are a thing of the past, according to venture capitalist John Doerr. Doerr , a partner in the prominent Silicon Valley VC firm Kleiner Perkins Caulfield & Byers, said the dominance of such companies as Microsoft Corp. (MSFT) and Intel Corp. (INTC) is a threat to technology startups trying to go it alone. "It's no longer possible to build your company in a garage. You'd better be partnering right out of the gate," Doerr said during a panel discussion Thursday at NationsBanc Montgomery Securities Technology Week here in San Francisco. According to analysts, venture capital funding has jumped in recent years -- from $6.9 billion in 1995 to an estimated $11.4 billion in 1997. Doerr said the most successful Internet startups would be early entrants into the market and those that create compelling content. As an example, he cited Amazon.com, a Kleiner Perkins-backed interactive bookseller that has partnerships with companies such as search engine Yahoo! Inc. "Barnes & Noble isn't going to catch up. It's over," Doerr said of Amazon's largest competitor in the market. Doerr and other venture capitalists on the panel also urged the investment community to keep an eye on companies working to increase Internet bandwidth. "We're just at the beginning of the building of this infrastructure," Doerr said. "This thing has got very, very long legs." Geoffrey Yang of International Venture Partners agreed, saying competition between the cable and telecom industries to deliver high speed bandwidth will fuel growth in the market. "As long as everyone keeps playing the game, they're going to spend a lot of money and buy a lot of equipment," he said. Doerr also touted set-top boxes and Java. Kleiner Perkins runs a 15 member fund designated solely to Java companies.

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