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To: Lizzie Tudor who wrote (178656)	7/16/2004 3:28:07 AM
From: Amy J	Respond to of 186894

Lizzie, (humor) the ones that withered away, had welfare ceo's leveraged to the hilt. On a serious note, the writing was on the wall for the Series C firms - the bulk of them were burning money at boom-rates only to find themselves hitting their heads on their own refresh line. Series A & B faired much better, but there were a lot fewer of those. The Valley hasn't been emptied out of startups because of China/India, it's because the Series C's from YR-2000 got washed out. RE: "WS barking" VC's can do this too, though admittedly VCs do indeed say WS is "even colder than us" - if you can imagine that. Regards, Amy J