I wrote a couple of posts yesterday on the resiliency of entrepreneurs and their ability to start new ventures even if venture capital is not flowing freely. In a post by Jonathan Ortmans at Policy Forum on Entrepreneurship Blog based on what he heard during a recent discussion among investors, he offers the following observation:
There was a universal agreement, bar one person, that now is an excellent time
for investors in new start-ups and that entrepreneurs should be cautious about
accepting too much outside capital. In fact, ironically, all three serious
start-ups I met last week had not accepted any outside funding at
all.
Let’s hope that scarce capital means more smarts and better success
rates for the entrepreneurs.