Subject: Re: shooting holes in the sky
From: "Stephen J. Turnbull" <turnbull@sk.tsukuba.ac.jp>
Date: Tue, 9 Oct 2001 23:59:18 +0900

>>>>> "dblankley" == dblankley  <dblankley@iwon.com> writes:

    dblankley> Unfortunately, most VCs are, despite popular perception
    dblankley> to the contrary, risk-averse lemmings,

Wrong.  They're not _risk_-averse.  They're happy to buy 5 pigs at
10-1 payoff if they expect one to pay out.  Risk-averse people don't
do that, not with a year's income or more.

    dblankley> who have no interest in funding R&D.

But this is uncertainty.  Not only doesn't anybody know the odds, they
don't know the payoff ratio either.

It takes the bravery of a bride to buy a proposition like that.


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