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Non-Tech : VCAT, formerly INLD -- Ignore unavailable to you. Want to Upgrade?

To: Obiwan Kenobee who wrote (8)	1/16/2000 2:06:00 PM
From: astyanax	Read Replies (1) \| Respond to of 24

Thanks Obiwan. As for other net VC's, well, yeah, I did cut out a lot of stuff from my rough draft of that article [below]. Though meVC.com is really the only VC fund of its kind coming out. If it's successful, we may eventually see more, with possibly cheaper expenses... ============================ There's more of where that came from. Similar offerings are expected next year by the likes of Divine InterVentures, idealab!, CMGI's @Ventures, and e-harmon.com. Hitherto, retail investors could get a little exposure to private equities from mutual funds. But open-ended mutual funds are restricted by the SEC from holding more than 15% of their portfolio in illiquid securities. The few funds with some private placement exposure (though usually far less than 15%) includes Amerindo Technology [TICKER ATCHX], Warburg Pincus Post-Venture Capital [TICKER WPVCX], and certain funds from the Van Wagoner fund family. Also, the freshly-minted Seligman New Technologies fund plans to invest up to 35 percent of its portfolio in private placements, circumventing the 15% limit by structuring itself as a closed-end fund. ========================================= FWIW, I've made some further comments on other Net VC's: cbs.marketwatch.com Message 12380655 ====================================================== >>Obiwan Kenobee wrote: Great article. I didn't realize this fund was going to be so expensive : "Investors also have to pony up a lot more in expenses for these special funds. For example, the meVC fund expects to charge 2.5% of capital contributions and 20% of any profits." Are there any other venture funds that you know of on the horizon that will be less expensive? May the force be with us....