This is a phase where the technology is usually proven, but the marketability and business model may not be. |
We continued to see improvement in the overall economy and particularly in the sectors we have been watching and investing in during the last few years. As we look to 2006, we'll be investing in Internet services companies that can build traction in the marketplace using less capital. |
We really like the steady pace versus the bubble (mentality) we have seen in the past. Instead of irrational exuberance, we are seeing healthy, rational optimism. |
We really like the steady pace versus the bubbles that we have had in the past. We like moving from a state of irrational exuberance to a state of rational, healthy optimism. |