{"id":608,"date":"2002-05-19T16:53:43","date_gmt":"2002-05-19T23:53:43","guid":{"rendered":"http:\/\/mossback.org\/archives\/2002\/05\/venture-capitalists-fight-filthy-lucre\/"},"modified":"2002-05-19T16:53:43","modified_gmt":"2002-05-19T23:53:43","slug":"venture-capitalists-fight-filthy-lucre","status":"publish","type":"post","link":"https:\/\/bennett.com\/blog\/2002\/05\/19\/venture-capitalists-fight-filthy-lucre\/","title":{"rendered":"Venture capitalists fight Filthy Lucre"},"content":{"rendered":"<p>\t\t\t\t&#8212; High-Tech companies in Sonoma County&#8217;s Telecom Valley find venture capitalists want a bigger piece of the action now that the economy&#8217;s in the dumper. This article explains the moral clarity of investors (<a href=\"http:\/\/www.pressdemocrat.com\/business\/news\/19venture_e1empiree.html\">Signs of life return<\/a>)<\/p>\n<blockquote><p>\nBut the decline in valuations is not necessarily bad, said Winston Fu, general partner at U.S. Venture Partners, a Menlo Park venture capital firm. Investors want to fund companies that are focused on building a real business, not just becoming rich.<\/p><\/blockquote>\n<p>What we have here is the beginnings of an explanation for the Dot Com Swindle, in which VC firms and Investment Bankers took the public for a ride. &#8220;It&#8217;s good that we fleeced you,&#8221; they&#8217;re saying, &#8220;because you should be more concerned about your soul than your bank account.&#8221;<P>Isn&#8217;t it good that they&#8217;re looking out for us?\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8212; High-Tech companies in Sonoma County&#8217;s Telecom Valley find venture capitalists want a bigger piece of the action now that the economy&#8217;s in the dumper. This article explains the moral clarity of investors (Signs of life return) But the decline in valuations is not necessarily bad, said Winston Fu, general partner at U.S. Venture Partners, &hellip; <a href=\"https:\/\/bennett.com\/blog\/2002\/05\/19\/venture-capitalists-fight-filthy-lucre\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Venture capitalists fight Filthy Lucre&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":["post-608","post","type-post","status-publish","format-standard","hentry","category-comp"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbifyw-9O","_links":{"self":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/comments?post=608"}],"version-history":[{"count":0,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/608\/revisions"}],"wp:attachment":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/media?parent=608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/categories?post=608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/tags?post=608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}