There's a company in NY that was primarily funded with VC money [http://www.tgix.com/
IAW a NY Times article] that served as an incubator for people sent over by the
venture capitalist's themselves to handle the entire website development & business
presence - all they needed was a "business plan" from a "recognized" VC buddy.
Even though investors lost considerably, the incubator's were paid with hard cash from
the funds that venture capitalists were charged with investing for their clients;
consequently, the investors lost while the VCs & incubators did not.
It was the Golden Age of the Internet. Maybe things will get back to normal now...
Stas Bekman wrote:
>
> Not really, if you didn't know about http://fuckedcompany.com/ you should
> check it out. (It has nothing to do with XXX). While you are on the spot
> especially look at how many layoffs reported per day lately!!! Then check
> the NASDAQ and you will get even more ideas about what's going on.
>
> It doesn't mean that we are in trouble, since mod_perl programmer are
> scarce but the general trade is that many startups go busted.
>
> >From reading a lot lately about the current trends I've learned that the
> dotcom business is still in fashion, since the money is there. It's just
> that the investors are more careful now, and it's harder to get financing
> for the vaporware ideas.
>
> I believe that once the NASDAQ buble is over and analysts say that it has
> to drop to 2000, which is very close, the dotcoms will go up again, but
> probably under more careful watchful eye of investors.
>
> I'm not an expert in these things, so this is just my opinion, which
> shouldn't be taken too seriously :)
>
> _____________________________________________________________________
> Stas Bekman JAm_pH -- Just Another mod_perl Hacker
> http://stason.org/ mod_perl Guide http://perl.apache.org/guide
> mailto:[EMAIL PROTECTED] http://apachetoday.com http://logilune.com/
> http://singlesheaven.com http://perl.apache.org http://perlmonth.com/
