VC’s should invest now…let the American entrepreneurial spirit fly again!
Venture funding is at all time lows! Just take a look around at the web and you will see all kinds of articles which show that VC’s are just NOT investing and are instead holding tight to their cash wads. That’s not what the common wisdom says. Per that, they should be investing like mad these days.
I especially liked Sarah Lacy’s article on TechCrunch: Venture Capital Down 50%. It’s Not Just the Recession, Folks.
That’s why I was so glad to hear about the TechFellow Awards started by Reid Hoffman and his colleagues at the Founders Fund. Kudos to all of them for doing the right thing at the right time!
So, to all ye VCs out there, venture out, invest now and let the American entrepreneurial spirit fly again!
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Other interesting articles:
TechCrunch Poll: How Much Did VC Investing Drop In The First Quarter?
VC Financings For Internet Startups Down 16 Percent in Third Quarter
VC Dollars Dropped 33 Percent In The Fourth Quarter, Down 8 Percent For All 2008
