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Originally posted by hershie
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yeah those "Sand Hill Rd." guys like Kleiner Perkins et al. - boy did they pull a number on everyone. I read in Fortune recently that a few of the VC funds actually have had to disband and give back investors their money as they couldn't find suitable investments any longer in start-ups and they felt so guilty about pissing away all the rest of the money on vapor companies in previous years.
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the big local vc gave back 800 million a few months ago.