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   unknown, sort of, Oct 18th, 2000 @ 5:37pm

   
   

   i don't think it's that hard to convince people to come up with ideas that sound catchy and are easy enough to build on the web in the hopes of going public when you hear about the success stories that have cropped up within the last 5 years. a lot of the blame could probably go to investment banks for being shortsighted enough to actually underwrite these businesses. and then there are those wonderful ads "After the IPO" (nokia or samsung??) that illustrate our culture, period. "Oooh, if we ever go public i'm gonna get a ____ " is something i've heard from people. i don't think they were saying that out of pressure or ill-advice from VCs. "Why don't you think of something to do and go public or something?" says a parent. i don't he/she's ever talked to a VC. so, VCs "invest" in companies, and i don't discredit the argument that they certainly will push for the IPO, but i think everyone has a stake in the blame here.

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   Re: No Subject Given

   

   Mike (profile), Oct 18th, 2000 @ 5:46pm

   
   

   No, that's a good point. The culture definitely got everyone into it. My complaint is mainly with VCs who took what were promising business ideas and destroyed them. There were plenty of good business ideas that VCs swarmed in, painted pictures of grandeur for the entrepreneurs, and then took control, and realistically blew the companies up too big. Once VCs take control of a good company, they often don't push for what's best for the company, but what will make *them* the most money the fastest. That's my complaint.

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