Angel and venture capital is essential to the startup ecosystem. Even though the cost of starting a web startup has gone down in recent years, most of these companies need venture capital to scale up to achieve sustainable growth.
Current economic downturn is predictably choking the capital blood supply to startups. The signs are every where. Venture capital funds are losing money. Angels are fleeing from startup investing.
So we are back to the post dot com crash type of investment environment. This drought may last even longer. So what does this mean for entrepreneurs.
This is the time when real entrepreneurs make their mark. This is a great time to pick the largest opportunites and shoot for the moon. There won’t be too much competition. So the road is all yours. It is like driving at 3am on an empty highway. No distractions. You know the dawn will come. You can make great ground before the dawn comes.
But there is one catch. You have to find a way to play the game. If you can then the world is yours. Well I am playing, with or without venture capital. Let’s see how much ground I can make before the dawn comes.