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

[John Hauser]

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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