Incubators as pyramid schemes
2000-07-12 02:08:18+02 by
Dan Lyke
3 comments
Based on some inside information, I made some Fucked Company picks today, but here's an article I wish I'd read before I chose this weeks failures. Especially pertinent, since I've been discussing with that friend who was interested in "sovereign citizens" the ethics of pyramid schemes, was this quote:
"It's a difficult time period to take a company like Divine public,"
said Steven Frankel, managing director of Boston-based Adams
Harkness & Hill. "It's very hard to get investors excited about a
company whose end product is more IPOs."
(Incidentally, there are some neat elements to the design of that site promoting the pyramid schemes![[Wiki]](/adbanners/lookingglass.png)
, it's worth a look, although if it starts to actually sound enticing you should balance it out.)
I found this 'cause I was looking around for a little more supporting evidence on that aforementioned inside info. Anyone know of a weblog or super fast breaking news site devoted to .com rumor? CNET News is more sanitized hype than useful information, which I guess is a function of advertiser funded media.
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comments in ascending chronological order (reverse):
#Comment made: 2002-02-21 06:30:10+01 by:
ebwolf
The incubator project in Chattanooga is being organized by a grant guy. You know the kind of person who gets $500K grant to do a feasability study for some new technology and then another $3M to do a market research and implementation study - only to find out that the technology won't work.
Sometimes the pyramids are very small...
#Comment made: 2000-07-12 07:04:56+02 by:
TC
[edit history]
Hmm you might not think these much better but I use
Red Herring
Hoovers
but they but have pretty good dirt IMHO
#Comment made: 2002-02-21 06:30:10+01 by:
Dan Lyke
They're a little more respectable than I'm looking for, I was kinda hoping for the /. of .com news. For instance, have you run into that bit o' news I was referring to yet anywhere?
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