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Article #20132Re: Expert Systems Company Financing...
From: John B. Nagle
Date: Tue, 13 Oct 1987 16:09
Date: Tue, 13 Oct 1987 16:09
25 lines
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1636 bytes
Right now, the venture capital community has had it with expert systems.
Hambrecht of Hambrecht and Quist, one of the more influential venture
capitalists, has been quoted as saying "Artificial intelligence is the most
effective means yet invented for separating investors from their money".
There are no AI startup success stories yet, remember; nothing comparable
to SUN or Lotus has happened. A few companies made it to IPO, but the
stocks never took off. Of the companies that received a lot of public
attention, the score is as follows.
Annual Annual Yesterday P/E
High Low
Intellicorp 11 1/8 4 1/8 5 3/4 29
Teknowledge 21 5/8 8 13 1/4 loss
Symbolics 6 1/8 3 3 1/4 loss
Lisp Machines (bankrupt)
So forget an expert system startup using the venture capital route until
somebody makes it.
But venture capital is a fad-driven industry. Neural nets are hot
this month.
John Nagle
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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: arc1-ca.pugleaf.net!utzoo!mnetor!uunet!seismo!sundc!pitstop!sun!decwrl!labrea!glacier!jbn From: jbn@glacier.STANFORD.EDU (John B. Nagle) Newsgroups: comp.sys.mac,misc.invest,comp.ai Subject: Re: Expert Systems Company Financing... Message-ID: <17194@glacier.STANFORD.EDU> Date: Tue, 13-Oct-87 12:09:18 EDT Article-I.D.: glacier.17194 Posted: Tue Oct 13 12:09:18 1987 Date-Received: Thu, 15-Oct-87 00:42:42 EDT References: <7260@dartvax.UUCP> <1111@omepd> Reply-To: jbn@glacier.UUCP (John B. Nagle) Organization: Stanford University Lines: 25 Keywords: Venture Capital, Govrt loans,...