[rescue] Cluesticks (was Mounting and Dumping)

Lionel Peterson lionel4287 at yahoo.com
Mon Jan 26 13:16:12 CST 2004

--- Francisco Javier Mesa-Martinez <lefa at ucsc.edu> wrote:
> On Sun, 25 Jan 2004, Lionel Peterson wrote:
> > Asking for money for a stupid startup is OK, it is giving your
> > money to a stupid startup that is so "sub-optimal"
> True that....
> Which makes you wonder how the VC got to be so filthy rich in the
> first place....

That's easy - investors say to their brokers "I want some of that
[Netscape|Yahoo|Amazon|Red Hat] action!" ;^)

I believe the technical term is "Circle Jerk" or "Ponzi Scheme"...


"I am not into examining other peoples' dumps..." - Sheldon T. Hall

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