Friday, December 05, 2008

Could VC be a Casualty of the Recesssion?

The lack of capital barriers for internet startups means more competition for internet startups. Funding used to be a differentiating factor; it just isn't anymore. VC needs to refocus on capital hungry areas like alternative energy and healthcare.

The founder mentality needs to be imbued into graduating chemical engineers, mechanical engineers, biologists and physicists.

We need thousands of startups that work on our society's biggest problems.

Probably a platform for energy startups is needed. Something transformative to the energy industry as the internet was for software.

http://www.paulgraham.com/divergence.html

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