Todd's Web Tracks

"In sum, I think it’s a great environment for the best entrepreneurs. While at today’s valuations it will likely cost founders a pound of flesh to acquire the capital they need to win, they’ll be able to turn a pound of flesh into a mountain of gold."

Mark Peter Davis: The State Of Venture: The Ugly, The Bad And The Good

Great commentary on the current economy and its effects on startups, specifically their funding. The pessimist will find no shortage of confirmation for their down spiral from Davis’ post, but for us optimists this quote gives me hope.

I'm using Tumblr to track things I find of interest and excerpts of humor that don't need (or deserve) a full post of insight.

Quote

"In sum, I think it’s a great environment for the best entrepreneurs. While at today’s valuations it will likely cost founders a pound of flesh to acquire the capital they need to win, they’ll be able to turn a pound of flesh into a mountain of gold."