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Jeremy Condie has been<
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AOL Vice Chairman Emeritus,
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H. Dave Chambliss has b
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Who Let the Dogs Out?
Things are getting pretty chilly on Wall Street and a recent article in the The New York Times said the frost is spreading to Silicon Valley.
Despite the fact corporations like Tyco, WorldCom and Enron were condos made of cards, the last downturn in the economy seemed to be--and continues to be--attributed solely on the crash of the dot.com economy. Laying the blame on an emerging growth industry, while the consumer broadband market was still nascent and investors were demanding a quick and unrealistically large ROI, is similar to blaming Saddam Hussein for 9/11. The dot.com crash prompted many former technology execs, and investors, to turn their talents and money into something they thought was more stable: real estate. Unless it's your property on the block, you gotta love the irony in that!
Maybe expansion-stage companies are going to get a break this time and the investors will have the fortitude to continue to support their portfolio companies while the investment banks haggle with mortgage holders and the Fed. Silicon Valley execs might be re-thinking the new sports cars, private
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