Imprisoned New York financier Bernard Madoff’s former mistress says after losing everything to him her story is the only thing she can sell.
In an interview with ABC News, Sheryl Weinstein said she feels guilty because she invested her family’s money with Madoff and he “took everything.” She has written a book about the relationship, “Madoff’s Other Secret: Love, Money, Bernie and Me.”
Oracle Corp., one of the world’s largest software makers, reached $50 million in revenue in its 10th year. It took software king Microsoft Corp. eight years to hit that milestone.
Yet many technology start-up business plans typically project revenue of $50 million in the first five years. The reality, according to new research from data visualization company Tableau Software, is that most tech giants come nowhere near those numbers in the first five years.
In an effort to understand how fast successful tech companies grow, Tableau analyzed the financial statements of 100 of the largest (by market capitalization) publicly traded software companies. It then adjusted the sales numbers for inflation to compare the performance of these companies across more than three decades.
Many are speculating that the year two thousand and nine represents a fundamental turning point for the venture capital industry. Some are arguing that the industry is in dire straits after years of poor performance. Others have argued that the math simply does not work for the industry’s current size. Another theory suggests that permanent challenges with the IPO market call into question the fundamental economics of the VC industry. Lastly, some credible authors have suggested that things are so bad that a federal bailout may be in order.
What is really happening in the venture capital industry? It is indeed quite likely that the venture industry is in the process of a very substantial reduction in size, perhaps the first in the history of the industry. However, the specific catalyst for this reduction is not directly related to the issues just mentioned. In order to fully understand what is happening, one must look upstream from the venture capitalists to the source of funds.