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.
[ related topics:
Interactive Drama Business Web development Weblogs
]
comments in descending chronological order (reverse):
#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?
#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:
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...
We will not edit your comments. However, we may delete your
comments, or cause them to be hidden behind another link, if we feel
they detract from the conversation. Commercial plugs are fine,
if they are relevant to the conversation, and if you don't
try to pretend to be a consumer. Annoying endorsements will be deleted
if you're lucky, if you're not a whole bunch of people smarter and
more articulate than you will ridicule you, and we will leave
such ridicule in place.