From: doug.bailey@ey.com
Date: Fri Apr 27 2001 - 09:52:59 MDT
> In the current market, there is no WAY to raise $$ for a start-up
> with a substantial "pure R&D" function.
I spend significant time working with startup companies in various
industries and I would disagree that there is "no way" to raise
money for pure R&D plays. It isn't easy. However, VC firms still
have capital and still need to generate returns on that capital.
Doug Bailey
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