When’s the last time you heard a venture capitalist say that when companies go public they begin “a Bataan death march,” and engage in a “manifestly” unfair game that’s reminiscent of organized crime? Well, those are a few of the provocative comments that Elevation Partners co-founder Roger McNamee — a major media and tech investor — made today on Bloomberg Television. He’s a big backer of Facebook and gushes that its founder, Mark Zuckerberg, is “The One…The best I’ve ever known.” (By the way, Elevation named itself after a U2 song, and the group’s lead singer, Bono, is a member of its investment team.)
Facebook IPO Is “A Huge Risk” Investor Says: Video
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