From: Gordon Mohr (gojomo@usa.net)
Date: Thu May 04 2000 - 12:35:13 PDT
This is a couple of weeks old, but I haven't seen it posted and
found it compelling:
--
Fortune 04/17/2000
"When the Money Goes Down the Drain"
Randall E. Stross
Benchmark Capital is one of Silicon Valley's top venture firms.
But when partner David Beirne bet millions on TriStrata--instead
of a startup called Priceline--he had made a mistake he couldn't
rectify. No matter how he tried.
http://www.fortune.com/fortune/technology/2000/04/17/boo.html
--
At the heart of a big mess was the fact that a lot of high-powered
investors and execs didn't understand one-time-pad encryption well
enough to be skeptical of a claimed breakthrough.
- Gordon
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