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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (20737)	7/4/2002 9:10:55 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>For you to pretend that VC is in growth or expansion mode is misleading at best<< I did not say ANYTHING about the venture capital industry. The venture capital industry is in a severe contraction (boo-hoo), now that those (mostly) brain-dead trend followers no longer have the dot com mania to do their thinking for them. What I said was: "there are still oceans of investment capital available - just not for start-ups that plan to sell 30 lb. bags of dog food on the net." My link to 1Q '02 VC placements was just a little heads-up for you and others that even in the early stages of the new depression (ROFL) the VC industry managed to fund 787 companies to the tune of $6.2 BILLION. And by the way, the VC "industry" is just the tip of the investment iceberg. VCs only make investments in a small sub-set of businesses that meet their criteria. The vast majority of start-ups are funded by other means - F&F, angels, secured/unsecured bank debt, etc. So, read it again - maybe you'll get it this time: "*there are still oceans of investment capital available - just not for start-ups that plan to sell 30 lb. bags of dog food on the net." >>Oh, so THAT isn't contractionary<< Yes, it's contractionary for GOVERNMENT. About time. >>come July we'll have the proper picture according to Roach<< Ah yes, the proper picture*, the one that fits your preconceptions, given that current economic data don't.