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To: David R. Doerr who wrote (92958)2/3/2000 9:33:00 PM
From: spal  Read Replies (1) | Respond to of 164684
 
David

Sound slike a great service from a consumers point of view. However, as an investor, what is their business model - ie how are they making money from such transactions? It sounds like a low margin to negative margin business.

I recently heard that some VC pumped money into these guys based on an approx $300M valuation. I can't see how that was arrived at.

S Pal