If entrepreneurs are having hard time raising money, the situation ain't any sweeter for General Partners (GPs) of VCs. PrivateEquityOnline describes different types of Limited Partners (LP) according to their behaviour. Sounds like ordinary sales for me...
The good times are here again! I got a call today from Tokyo. First I thought it was some new biz and I got a bit excited. Afterall it was just an attempt to sell me some stocks. The harrasment was twofold. First a junior sales rep was warming up and checking my financial feasibility. Mr. X, how are you Mr. X. Are you able to commit a minimum of 5.000US Mr. X. After a while Mr. X started to be fed up and not least for hearing his name every 5 seconds. A few hours later a senior sales rep was calling again. Conforming my feasibility and my email address again. What a waste of money and resources! For a principal I'm not buying anything out of a phone call abroad. What has rotten so badly that they cannot sell domesticly? Who's-the-greatest-fool used to be the name of the game in the last phases of the bubble when investment bankers called randomly people around the world for good investment tips. So, I'm still sticking to my prediction of Q3 this year. Good times here we come!
Ninety percent of everything is crap.Posted at April 25, 2003 06:35 PM
Theodore Sturgeon (1918 - 1985)