emerging pattern

Isn't it interesting how pieces of a puzzle come together and a bigger image immerges?

Excerpt from a 2001 article on Ischemia Technologies
Link to full text of article:
http://www.thefreelibrary.com/Good+money,+diversified-a078174626
PETER CROSBY SPENT MUCH OF 2000 IN PURSUIT OF VENTURE CAPITAL
"Raising any money in 2000 was extraordinarily difficult," Crosby said. "For the first half of the year, people said, 'If you're not a dot-com, I'm not interested.' And in the second -- even the first months of this year -- they said, 'I just lost all my money on dot-coms and I'm not going to invest in anything right now."

Excerpt from a 2008 article on Ventracor
Link to full text of article:
http://www.theaustralian.news.com.au/business/story/0,,24798807-36418,00.html
VENTRACOR'S chairman John Ward blamed the collapse of Lehman Brothers for scuttling a much-needed financing deal.
But what he did not reveal was that even before Lehman filed for bankruptcy, Ventracor had rejected multi-million-dollar financing offers because it believed its share price at the time did not reflect the company's true value.
"They continually refused cash when it was offered because they believed the share price was too cheap," an insider familiar with the deals said. It is understood that about a year ago a syndicate of investment funds offered Ventracor a cash injection of up to $70 million, enough to fund all the remaining trials needed to get VentrAssist on the market. It was potentially the last capital raising Ventracor would need to do.

It's always someone else's fault isn't it? But don't let these mundane details stop the bragging... Remember this pearl in 2007?
"We would hate to have investors and analysts embarrassed by our outstanding success they did not foresee," Crosby bragged at the time. (full text of article linked here:
http://www.theaustralian.news.com.au/story/0,25197,22564718-23634,00.html

Meanwhile Heartware, who only recently was two years behind Ventracor, has announced its 50th implant in the US, I guess they didn't have the privilege of being run by a well compensated Peter Andrew Crosby:
"HEART device company HeartWare has performed the 50th implant of its left ventricular assist device in the United States as part of its ADVANCE “bridge to transplant” clinical trial."
Link to full text of article:
http://www.biotechnologynews.net/StoryView.asp?StoryID=1033581