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| | The New York Review of Books: Billion-Dollar Babies |
 | | The Packard Foundation, with assets of $10 billion, recently overtook the Ford Foundation as the nation's third-largest private foundation (behind the Bill and Melinda Gates Foundation, at $17 billion, and the Lilly Endowment, at $15 billion). |
 | | The IPO economy that is centered on the Internet has flattened somewhat this year, but it is still driven by two primal forces: the lottery-like knowledge that some of these bets will pay disproportionate returns, and the momentum of the wealth that's already been amassed, and that must be invested somewhere. |
 | | In telling the story of Clark's involvement with these firms (mainly Netscape, which he had recently left when Lewis met him, and Healtheon, which he was in the middle of forming when he allowed Lewis to observe what he was doing, day by day), Lewis covers many cultural aspects of the modern boom. |
| www.nybooks.com /articles/256 (5261 words) |
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