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To: Patsy Collins who wrote (3175)	2/21/2009 7:05:19 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 3618

we have this guy out here Boots Del Biaggio. They had this VC fund called Sand Hill that I believe provided debt for equity to late stage startups that were close to IPO. I am not sure what the debt angle was because if startups need cash they just go for another round- maybe this was quick money, less equity whatever. But since they don't really seed companies what is their value in this decade? basically nothing I think. In the 90s a company planning to IPO in 9 mos could go to them and get 50 million and start to hire for the land grab. Now there is nothing like that. Anyway this guy Boots Del Biaggio was still trying to run this fund - who knows what kind of returns they had in this decade- and then all of the sudden he buys the Nashville Predators hockey team. Turns out he forged documents from a bank to prove he had collateral to buy the predators. He probably thought the Predators were going to be cash flow positive or something so it didn't matter, I don't know. Anyhow he is now convicted to 8 years or something. Forging bank statements to prove you have collateral for a loan, whoa theres some clever white collar fraud there, right up there with your average subprime loan recipient. Thats the kind of fraud we have out here. A lot of people kind of feel sorry for the guy.