Fallen Idols
from the who's-going-to-be-first dept
The race is on. Everyone is waiting to see which "big name" venture capital firm is the first to report a lousy return on a fund. The leaders of the pack appears to be Hummer Winblad and Draper Fisher Jurvetson, but others are still watching Softbank, Redpoint, and Benchmark. The only one I feel slightly sorry for is Hummer - because for years they stayed out of the dot com craze, and preferred to invest in software they understood. Then, they finally came around after lots of pressure and others laughing at them for missing out, just in time to dump a fund into dot coms of big name companies that failed quickly.
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