E*Trade (NYSE:ET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET)

ET 16.71

+1.7%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Oeconomicus who wrote (5163)	2/15/1999 11:10:00 AM
From: mod	Read Replies (1) of 13953

I happen to know a VC who sold a company they backed to Yahoo a while ago. The day their lock-up expired, they sold 100% of their Yahoo shares. Nothing to do with their opinion of Yahoo's stock prospects. He told me they were being paid to find early-stage companies, not to be a portfolio manager of large publicly-traded companies that their investors could buy themselves if they wanted to own them. GA sold 50% of their position, if they thought the prospects were that bleak, they could have sold it all. Not all VCs want new money, as it takes time to deploy and brings down returns. Some prefer to recycle their funds into new opportunities for their existing investors.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next