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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (18631)	10/26/2003 6:54:40 PM
From: stockman_scott	Respond to of 57684

Sifting through the rubble of the bubble sfgate.com <<...The valuations for startups funded during the boom have plummeted, according to the National Venture Capital Association's latest figures on venture fund performance. On average, early-stage investment funds have lost 22 percent annually in the three years ended June 30, the last period for which figures are available. Many venture firms already have written off those losses and closed many startups in their portfolios. "We drowned our puppies last year," said Joanna Rees Gallanter, managing partner of Venture Strategy Partners in San Francisco. While no venture capitalists will ever admit publicly how much they lost on an investment, one VC who works along Menlo Park's tony Sand Hill Road and requested anonymity admitted his firm wrote down the value of its 1999-era fund by 70 percent...>>