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Non-Tech : Venture Capital Stocks in Individual Investor -- Ignore unavailable to you. Want to Upgrade?

To: John Arnopp who wrote (3)	12/3/1997 11:01:00 PM
From: RavBruce	Read Replies (1) \| Respond to of 49

John, Good explanation of the way to use these companies. I realize that I do not have the connections, financial or technical knowledge, etc. to find venture capital deals even if they would take money from me. I know how hard the venture capital business is from first-hand experience. My father--a physician was an early backer of a regional medical laboratory. At one point he owned 14% before they sold additional shares. Even with other large investors who run corporate divisions worth 100x the size of the lab, they could not make it. A few years ago a deal fell through for Corning Labs to buy the company at a value which would have given us over $2 million. A month ago, the lab declared chapter 11 and we will be lucky to take out any of our investment. That long sidenote explains why I agree that we have to find people who have a proven track record of taking technology (or ideas) and turning it into successful ventures. SFE is a great candidate as is TMO. I wish we could get more voices to offer us other ideas to throw around. Bruce