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The relationship between the venture capitalists of Sand Hill Road and the securities firms and power investors of Wall Street has long been a cozy one. VCs hoping for a return on their investments will need banks eventually, while Wall Street needs VCs to nurture the most promising startups until they’re ready to go public. Or do they? Lately, some of New York’s biggest players have been cherry-picking the best pre-IPO investments for themselves.
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Although the tiny, family-run Joy’s Spa and Nail Salon in Adams Morgan may never get a critique in a newspaper, it’s received 42 reviews on Yelp.com. Reggie Tull, the owner’s son and a massage therapist, said he noticed an increase in traffic with every new review posted on the recommendation site. He’s also surprised by the time writers invest in each posting.
Tag: eBay Patent
Daily Roundup for 2008-02-29
By golf
In Bookmarks, eBay, eCommerce, Trust and Safety, Venture Capital, Web/Tech