E*Trade Venture Fund
from the this-is-what-inflated-stock-will-do-to-you dept
E*Trade has decided to go into the venture capital business. They are the latest of a long line of companies with super inflated stock prices to get into this business. While it makes sense as a way to invest your money to get high returns, and possibly to help build complementary technology and services, it's a completely different business *and* it requires the market to remain strong for it to make any long terms sense. I predict over the long haul, many of these corporate venture funds are going to be ditched as huge losses (in money, time, and effort). Though, of course, if E*Trade suddenly decides that Techdirt would be a worthy investment of, say, $10 million or so, I might change my tune. :-)
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The entire VC model has come in favor due to its sucess in the technolgy sector. It has worked in a very connected, Silicon Valley-centric, environment. I wonder if the model can be replicated by the new corporate funds. Are there intangible elements that the new funds will not be able to replicate?
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