The advantage for them to withdraw is that they don't have to say everything they know and where the bodies are buried.
The early stage of financing and getting off to a good start ... Ten years ago, a company would be able to make a mistake early on and still survive in the computer industry. That's not the case now. The window of opportunity closes much more quickly in Internet time. Coming out of the gate quickly seems to be the order of the day.
While one should never draw definite conclusions from any one quarter's results, the downward trend in short term performance over the last six months will probably continue through the end of 2000 as the effects of public market volatility makes its way through to the private markets.
The Internet was a train, and you either got on it or you got run over, ... VCs were more afraid of being wrong than being right.
Everyone is testing the waters.
Tech is a great place for opportunity, much in the same way that private equity firms looked at manufacturing in the 80s.
These are not passive investors. These companies are actively involved in [Internet startups'] management portfolio.
It's not an absolute lock that you need venture funding to find success on Wall Street, but the road is paved a lot more smoothly.
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