Even in the face of an economic downturn, entrepreneurs keep coming up with ideas, and VCs keep funding them. But how long can this continue if the economy doesn't pick up steam?
To: john bell hood
It is entrepreneurial efforts that lay the foundations of growth.
To: john bell hood
Actually, quite a long time. Of course, I divide the VC market into two phases - startup and growth. The startup market requires less funding and is more idea than product. The growth VC market is designed to take a startup into proudction and out to market.
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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