Posted on 09/12/2002 9:18:45 AM PDT by john bell hood
If you're looking for good news about the economy, look no further than the venture capital market.
Venture investing is off from its heights in the go-go years of the late 1990s. But it's still chugging along at a healthy pace. Investors have become a bit more discriminating. But there's still money out there for entrepreneurs with good ideas. And that's good news for the long-term health of the economy. These new and small firms will provide the products and ideas that will fuel future growth. Among them will likely be "the next big thing."
The capacity for new ideas is huge because the small demand this places on the VC capital. It's the growth VC market that will strugle for a while.
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