activityBoy

Tuesday, July 27, 2004

Anonymous said...: "The different geographic factions of the Phoenix Group seem to have different ideas about which models should be financed. In New York, where the financial markets rule, there is an inclination toward investing in proven entities -- people like Podesta and Brock, who recently founded his own organization to monitor the conservative media. In the Bay Area, however, where the new economy already feels old and where jeans and loafers remain the standard business attire, Rappaport's group leans toward more interesting and idiosyncratic kinds of investments. As Rappaport explained it to me, donors should focus on finding the unknown -- young entrepreneurs with risky ideas and no money to test them. The more projects that are given time and capital to germinate, he said, the better the chance that one or two would ultimately generate the kind of ideas that might someday match the momentum of the right wing."

It's time to be a young entrepreneur again.; 4:21 PM

Tuesday, July 27, 2004