Flutterby™! : Incubators as pyramid schemes

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Incubators as pyramid schemes

2000-07-12 00:08:18+00 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], 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.

[ related topics: Interactive Drama Business Web development Weblogs ]

comments in ascending chronological order (reverse):

#Comment made: 2002-02-21 05:30:10+00 by: ebradway

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 05:04:56+00 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 05:30:10+00 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?