langreiter.com plain, simple: comment-2002-05-28-4

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comment-2002-05-28-4

CREATED BY David Ness • LAST EDITED BY David Ness 8002 days AGO

I still owe Alex_S and Chris some comments that I will get to later on, but can't resist mentioning here that _some_ of the deals mentioned in Funzel's quote from lambda should be taken, as we say, with a grain of salt.

I saw details on a lot of deals for one of our companies during the crazy `boom' days of the internet, and a lot of the $20 m offers turnd out to be worth more like $500K when we looked at them closely.`Letter' Stock was a common part of such offers. Some of my academic friends who were quite rich when ICGE, for example, was $212/share are not so happy now that it is 28 cents/share, and $20m of such stock at the peak is worth less than $30K today