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Home > News > Dancing like Wolves, Baaing like Sheep

April 1st, 2004

Dancing like Wolves, Baaing like Sheep

Abstract:
One of our favorite descriptions of venture capitalists during the dot com boom was as a pack of carnivorous sheep. They stand around all day looking totally vacant and uninterested until an opportunity presents itself then they all charge after it and tear it to pieces. We seem to be getting into similar territory with investment banks and nanotechnology indices. We can imagine the Merril Lynch team gnashing their teeth after those punks at Punk and Ziegel nipped in first, quickly followed by First Trust Portfolios and now the big boys at Merril Lynch leap in with a portfolio of companies somebody once told us had something to do with nanotechnology.

Source:
TNTlog

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