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Doubt that They Have a Future

Fund: Northcap Partners

Posted by anonymous on 2009-06-09

PUBLIC:

Apparently their LPs are in dire straits and last I heard they don't have any money (like lots of VCs, so that's not surprising). Also, most of their recent investments (2007 and 2008 that is) have been less than exciting, local companies (a local ADSL provider doing a few hundred $K in revenue even years after being invested in!?)

I doubt these guys would know a great idea/product/company if it kicked them in the ...

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