• In Brief

    Sheep in the Valley

    One of Paul Kedrosky's informants, at Microsoft's meet-and-greet for Silicon Valley venture capitalists, discovers how investing fads are made.

    Sheep-FlockGuy in front signs up for 3:45. I do the same. VC behind me says, "that sounds like the hot session, sign me up for that one too." Then his VC friend next to him says, "I'm in for that one too."

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