ARTICLE | Finance

Life on the dole from D. Blech

October 10, 1994 7:00 AM UTC

The irritating thing about old saws is that they usually contain an unwelcome kernel of truth. Thus the warning not to put all of one's eggs in one basket comes a bit late to those early-stage companies that depended on New York financier David Blech as their single source of funds.

Some of these companies are finding out fast that they don't have a future. ...