There is a gold rush going on out there like the one in 1849 and everyone is afraid of not being part of it. No one wants to say that they took an extended vacation then.

200

The amount of money it takes to get a company to the IPO stage is larger than it used to be. It used to be a $2-$3 million initial investment and $8-10 million over the life of the company. Now it's more like $15 to $25 million over the life of the company.

157

This has increasingly become a 'homerun' business.

147