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To: buaya
A free market means a free stock market. The VC firms are vital for one key reason ... they are the gatekeepers to the investment firms and banks that have sole control of the Stock Market. The SEC throws up too many barriers for anyone else to sell public stock, to establish other markets.

It was, and should be again, that should a small start-up need fuinding, they write up a simple prospectus, advertise their offereing and go door to door in the neighborhood selling shares. The first company I worked for had started up in the late-forties doing exactly that.

For answering the door bell and risking only a few hundred dollars for a hundred shares, many local folks later bought Caddies and new home additions some years later.

7 posted on 09/06/2001 6:18:28 AM PDT by bvw
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To: bvw
A free market means a free stock market. The VC firms are vital for one key reason ... they are the gatekeepers to the investment firms and banks that have sole control of the Stock Market. The SEC throws up too many barriers for anyone else to sell public stock, to establish other markets.

All of that is true. I think this article illustrates how some will use their connections to manipulate the system for their own profit, to the detriment of others. Some things never change. Be wary of ALL concentrations of power.

14 posted on 09/06/2001 6:48:45 AM PDT by buaya
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