[Fortune] When the money goes down the drain

Date view Thread view Subject view Author view

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

Date view Thread view Subject view Author view

This archive was generated by hypermail 2b29 : Thu May 04 2000 - 12:42:46 PDT