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To: Glenn D. Rudolph who wrote (91951)	1/23/2000 3:39:00 PM
From: H James Morris	Respond to of 164684

>I did not say it had to be fair either Glenn, have you ever heard the expression "What's fair in love and war"? If you haven't ask Bill Gates or Steve Case. For they both know.<vbg>

To: Glenn D. Rudolph who wrote (91951)	1/23/2000 5:26:00 PM
From: dbblg	Read Replies (1) \| Respond to of 164684

>>if this rumor is correct, they are trying to use their power unfairly. I did not say it had to be fair either<VBG> I don't want to beat this to death, but, if true, it wouldn't exactly be unprecedented. I would almost be surprised by a VC who didn't use his or her leverage to starve the competition.-g- That being said, the fact that this sort of action is visible from a distance says something about the backers' assessment of the b2c ipo market. The last time I remember hearing people complain about KP browbeating was when XCIT (a Kleiner child) and Magellan (run by one of the Maxwell daughters and her then-spouse, who went on to found (I think) CTCH, but basically lacking in any clout w/investment banks) were racing to get out the gate before what proved to be a horrible summer for tech ipos(1996). Magellan didn't make it, and its execs complained bitterly that their putative underwriter had dumped them in favor of XCIT, and the promise of future KP deals...(Obviously, they had other problems.)