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Bob Meyer

Beyond The Limits Of Cash or Credit

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From Tuesday Report dated October 12, 1999. . .

The Great Trade That Fizzled!

The Venture Law Group, which helps launch startup internet companies like Yahoo, eToys, and Netcentives, receives up to 5% of a company's equity in exchange for their professional services.

Chairman Craig Johnson said they owned 1% of Yahoo, but sold the shares for $2 each...shortly before Yahoo's public offering. Now, Johnson laments, “If only we had held it!” Yahoo's market value is now $30 billion, so that 1% interest would be worth a cool $300 million!

Editor’s Note: Venture Law Group’s 1% of Yahoo today (August 2, 2005) would be worth more than $450 million, as Yahoo’s market value is now just shy of $47 billion.