Electronic Business, October 1st, 2001
Corp orations scale back venture investments It used to be easy to make money in the venture market. Throw a few bucks at a start-up and wait for the IPO. Large corporations--riding the same wave as venture capitalists--last year invested billions of dollars in high-tech newcomers. This year, companies are watching the value of these investments shrink like a deflating balloon. Redmond, WA-based Microsoft Corp., for example, in mid-July took a $3.9-billion write-down to cover drops in the value of some of its stock investments. While Microsoft's stock price held up well, such write-downs and...
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