Jeff Cornwall relays the thoughts of top venture capitalist Tim Draper, who sees the current downturn spurring the same type of advances as past ones — if our society doesn't keep drifting leftward.
He does worry that the current drift toward socialism is hurting America. He sees the movement to socialism in America not only in our public policy, but in the language of our culture. "Opportunity" is being replaced by "entitlement", "business solutions" by "government intervention", "earnings" by "rights", "let losers die" by "bailout", and "freedom" by "regulation."
Jan 11, 2009 2:45 PM
Innovators looking for their Daddy Warbucks may have trouble next year:
A new survey by the National Venture Capital Association paints a grim picture of probable investments next year. Ninety-two per cent of respondents predict a slowdown in US investments compared to 2008, and 61 per cent say the dip will be severe.
Dec 19, 2008 5:50 PM
Mike Blackburn, managing partner of Petra Capital Partners, tells a VC conference in Arkansas he's still looking to invest in this down cycle.
“You don’t want to invest a lot of money at the top of the cycle. The challenge is to figure out how long this cycle will last. At Petra, we’re cautiously aggressive. There is still a lot of money out there for companies that are performing well.”
Nov 20, 2008 8:39 AM
Updated June 7, 2006 -- A unique comprehensive report on tech leaders and ventures, R&D, healthcare IT, government initiatives and related matters of greatest interest to the techcentric community.
May 10, 2006 11:06 AM