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A benchmark lawsuit in Silicon Alley

Jon Birger's article in Crain's New York Business discusses a lawsuit that may prove to be a turning point in the complex relationship between the entrepeneurs and venture capitalists of Silicon Alley. When Integrity Capital Management expressed interest in investing in Joseph Park's online video store Kozmo.com, Park never suspected that the would-be investors would use their new-found knowledge of Kozmo to start a clone business of their own. Such a dramatic betrayal of trust between investor and web company threatens to completely redefine understandings of confidentiality and intellectual property in what has until now been recognized as "a handshake business." Get ready to start shelling out for those lawyer's bills! Christy Stabin

Tue, 16 Nov 1999 13:35:03 -0800