Did VCs Make Or Lose Money On The Bubble?
from the both dept
The San Jose Merc talks to Stewart Alsop about some of the dot com investments he made. Since many people want to blame VCs for a large portion of the dot com bubble, many VCs are afraid to admit how much money they made during that time. Alsop admits that he made millions, but backs it up by talking about all of the times he lost money as well. The problem with VCs is simple. For their position, they have way too much control. Since their job is to try to flip their positions quickly, they have no real incentive to build a lasting company. Just one they can flip.