From: Mike Masnick (mike@techdirt.com)
Date: Thu May 04 2000 - 14:53:31 PDT
By the way, that article is actually an excerpt from the book eBoys, which
is going to be released in a week or so. I happened to get my hands on a
pre-release copy a couple months ago and *highly* recommend it. One of the
more fascinating books about the venture capital world that I've read. It
really does take a fly-on-the-wall perspective within Benchmark over the
period of about a year and a half. Definitely worth reading if you're
involved or just interested in this stuff.
-Mike
At 02:35 PM 5/4/00 -0500, Gordon Mohr wrote:
>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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