Comments on: Ever seen VCs proud of their gross oversights? http://sgentrepreneurs.com/private-equity/2006/07/05/ever-seen-vcs-proud-of-their-gross-oversights/ Get to know Asia. The Singapore entrepreneurship scene. Mon, 06 Feb 2012 11:55:14 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Gwen http://sgentrepreneurs.com/private-equity/2006/07/05/ever-seen-vcs-proud-of-their-gross-oversights/comment-page-1/#comment-784 Gwen Wed, 05 Jul 2006 23:13:53 +0000 http://sgentrepreneurs.com/private-equity/2006/07/05/ever-seen-vcs-proud-of-their-gross-oversights/#comment-784 Hahah, yeah, when I read that article on okdork, I was extremely amazed at how many great deals that VC passed up on. What a pity eh. Well, you win some, you lose some. Risks, that's what it is. Hahah, yeah, when I read that article on okdork, I was extremely amazed at how many great deals that VC passed up on. What a pity eh. Well, you win some, you lose some. Risks, that’s what it is.

]]> By: BL http://sgentrepreneurs.com/private-equity/2006/07/05/ever-seen-vcs-proud-of-their-gross-oversights/comment-page-1/#comment-774 BL Wed, 05 Jul 2006 15:08:53 +0000 http://sgentrepreneurs.com/private-equity/2006/07/05/ever-seen-vcs-proud-of-their-gross-oversights/#comment-774 Here is a counter example to Bjorn's stories. In 1981, Microsoft Corporation in Bellevue, Washington, was visited by 24 venture capital firms, all offering investments to the software company. At that time, Microsoft has annual sales of US$7.5M and pre-tax profits of US$3M. Bill Gates told all of them that the company don't need venture capital, but would accept US$1M to exchange for 5% of the stock from the VC fund which agree to work hard and help Microsoft grow into a professionally managed growth company. The race was on, and Technology Venture Investors of Menlo Park, California agreed and they got the deal. Source: David Silver, "Venture Capital" Here is a counter example to Bjorn’s stories. In 1981, Microsoft Corporation in Bellevue, Washington, was visited by 24 venture capital firms, all offering investments to the software company. At that time, Microsoft has annual sales of US$7.5M and pre-tax profits of US$3M. Bill Gates told all of them that the company don’t need venture capital, but would accept US$1M to exchange for 5% of the stock from the VC fund which agree to work hard and help Microsoft grow into a professionally managed growth company. The race was on, and Technology Venture Investors of Menlo Park, California agreed and they got the deal.

Source: David Silver, “Venture Capital”

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