Local Start Up Companies Resist Wall Street's Bullying.

Local Startups to Wall Street: "Head East, old man, and take your money with you."

Wall Street struggles to get it: The 'Net Revolution is not for sale.

It was supposed to be easy.

When Walter Mundock flew into San Jose, the Heart of Silicon Valley from the center of the financial district in Boston, his plan was simple: Drop off a check for $800,000, and get the chance to get in on a small, struggling startup company that was heavy on ideas but lean on cash.

"How East Coast." mused Ricky Jennison, the self-proclaimed CEO of what was to be Mr. Mundock's object of financial affections, AllNet.net, a web-based content community.

"It was obvious what he was after." commented Ricky's Chief Technology Officer, James Rook. "He was used to waving around lots of money, and have people roll over and beg like dogs for it. He thought he could come in, offer us a lot of money to keep us afloat long enough to go public, then cash in on the supposed IPO. Ricky and I had agreed since day one would never go public until we showed a healthy profit."

Resisting "Devil Money"

Investors and money managers, some Bay Area techies claim, are trying to ruin the entrepreneural spirit of the local start up technology companies with what they call "Devil Money". "Devil Money is cash that outside investors bring in to small tech companies to hope to get in on the action and grab a slice before the company goes public." explained Ricky Jennison. In his best "Scooby Doo Villian" voice, Ricky snarled. "And I would of gotten away with it to, if it hadn't been for those kids and that dog not wanting to sell out!"

Wall Street. Hi! We Don't Care About Money. Bye.

"Why in the world would I bring Allnet public? I don't have a profit yet. Last year, I spent $170,000 and brought in $117,000. This year, I spent $210,000, and brought in $245,000. I'm making my bank payments on time, and have enough money now to get halfway decent car. Next year, I project I'll clear over $95,000 in pure profit. Why would Wall Street be interested in a company with less than $100,000 a year in profit? Because they want to control us. Well, I'll say it again, you money hungry jackals. The 'Net Revolution is about ideas, creativity and innovation, but most of all, freedom. Money isn't even in the equation."

Creative, intellegent fresh-faced youngsters not tainted by the money obsessed dreams of the baby Boomers? That's Silicon Valley!