Subject: RE: VCs (was RE: The term "intellectual property" considered useful)
From: "Anderson, Kelly" <>
Date: Tue, 16 May 2006 16:27:04 -0600

 Tue, 16 May 2006 16:27:04 -0600
Oh, I would never makes such an assumption... :-)

Nevertheless, as someone with a worthwhile idea pursuing VCs, this is
good news, assuming it's the case. :-)


-----Original Message-----
From: Ben Tilly [] 
Sent: Tuesday, May 16, 2006 3:00 PM
To: Anderson, Kelly
Cc: Free Software for Business
Subject: Re: VCs (was RE: The term "intellectual property" considered

Your statement assumes that most companies pitched to VCs are worthwhile
business opportunities.  I would not make that assumption.

As for the rest, the essay that I drew it from is, and what Paul Graham says
matches pretty well with my impression from many other sources.

Incidentally I know of 2 different companies that friends of mine got
hired at in the last few months which, before doing anything, got $5
million in VC capital.  (In one case they got the money before they
hired their first programmer!)  The details of what they're building is
secret, but is it going to really be worth a lot more than $5 million?
I have no idea, but if it is not, someone's going to be rather

No, it isn't a return to the dot com era, but it certainly feels like
there is a lot of money chasing rather speculative deals.


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