May 11, 2000 04:05 PM

Forbes: Within days, even hours, of Nasdaq's tumble, venture firms went on
the defensive, href="http://www.forbes.com/forbes/00/0515/6511182a.htm">slashing company
valuations, freezing contracts with young private companies and backing out
of deals altogether. They're forcing companies to rein in costs, look for merger
candidates and scrap plans to go public.

Next Entry: SonicNet on Napster: These rationales (05.15.2000)
Previous Entry: Reuters: Jake Winebaum wants to (05.11.2000)