[RTC List] Could VC be a Casualty of the Recession?

[Josh Koenig]

Hey John,

Got a link to the refreshing read? I could use an antidote to the  
doomsday deck. ;)

-j

> I came across an interesting essay from Paul Graham about how the  
> circumstances surrounding funding a startup have changed in the past  
> 10 years.
>
> "VCs and founders are like two components that used to be bolted  
> together. Around 2000 the bolt was removed. Because the components  
> have so far been subjected to the same forces, they still seem to be  
> joined together, but really one is just resting on the other. A  
> sharp impact would make them fly apart. And the present recession  
> could be that impact."
>
> It's a refreshing read, especially compared to the doomsday  
> Powerpoint deck "Get Real or Go Home" from Sequoia making the rounds  
> a couple of months ago...
>
> <http://www.techcrunch.com/2008/10/10/sequoia-capitals-56-slide-powerpoint-presentation-of-doom/ 
> >
>
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------------------------------------------
Josh Koenig, Partner, CTO
http://www.chapterthree.com
AOL IM: chap3josh
1-888-496-3238