RE: UKNM: QXL

[Sean Phelan]

Yes, I am sure that, as a mould-breaking new mediah start-up, the people

who understand Certificates are the same people that make the go/no go

decision on the IPO.  I can just imagine the conversations...


Smart merchant Banker: "Well, now Freeserve is underwater we can't go for

the full $500m, but if we can get out before the millennium then we are

comfortable above $240m"


Banker thinks "Hm... we earn 7% of funds raised; it will close within 1999

and that will push my annual bonus well into six figures..."


Venture Capitalist thinks "Hm; we own 40%; our stake will be valued at $100m;

I'll have exceeded my target for the year and I'm on track to become a

director with my own fund..."


QXL dude: "Hm, well the market fundamentals are good and we would all like

to go into the new year as paper millionaires, but our Secure Certificates

are still not working right, so we are going to postpone the IPO".


Venture Capitalist: "Mr dude, you've been working very hard... perhaps its

time you took a non-executive role; why don't we take you out of day-to-day

operations and let you concentrate on the big picture?"


VC and banker, together, "The IPO goes ahead".



No offence to Chetan or Tim; and DEFINITELY no reference to any real people,

alive, dead or on vacation, and if anybody is interested in how these

things happen, go to Multimap.com, click on the "BOL.com" icon in the

top left hand corner, and buy three books:


"Burn Rate"


"The first $20m is always the hardest"


"The Nudist on the Late Shift"  by Po Bronson


Cheers

Sean



>If any one from QXL is listening, go to www.Keynote.com get your site sorted

>and then IPO.

>

>Chetan Damani

>Imano plc - Built for the Web

>Tel: +44 1923 210631

>http://www.imano.com

>

>

>-----Original Message-----

>

From: Tim Dunton [timglobalgold [dot] co [dot] uk (mailto:timglobalgold [dot] co [dot] uk)]

>Sent: 02 October 1999 23:33

>

To: uk-netmarketingmail [dot] chinwag [dot] com

>Subject: UKNM: QXL

>

>

>Hi,

>

>I've been trying to sign-up on QXL for the past week and have been

>having loads of problems. There appear to be some scripting problems

>while using my Mac and their Secure Certificate doesn't even appear

>to work.  After eventually signing up I try and create an auction and

>my connection just times out.

>

>Surely, if this company is about to float they would get their web

>site sorted out first? Has anyone else had any similar problems with

>QXL?

>

>Tim Dunton


=============================================================

Sean Phelan

seanmultimap [dot] com

     http://www.multimap.com

phone (within UK): 0171 433 0460      fax (UK): 0171 209 5194

phone (Int'l):  +44 171 433 0460      fax:   +44 171 209 5194 

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