July 25, 2001

VCs left holding worthless IPO shares

Author: JT Smith

CNET: "Keep that champagne on ice.

With skyrocketing IPOs now a distant memory, some venture capitalists are finding their shares
under water by the time they have their first opportunity to sell.

Reports from seasoned firms such as Oak Investment Partners and Crosspoint Venture Partners
buck the perception that VCs usually walk away with IPO profits--regardless of whether a stock
has faltered in its first months on the open market or is languishing way below the offering price."

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