Look at this graph of television ad spending over the last 30 years - http://www.nextcenturymedia.com/images/Image3.gif http://www.nextcenturymedia.com/images/I

Look at this graph of television ad spending over the last 30 years - http://www.nextcenturymedia.com/images/Image3.gif http://www.nextcenturymedia.com/images/Image3.gif - (the associated article - http://www.nextcenturymedia.com/library/dougross-article-b.htm http://www.nextcenturymedia.com/library/dougross-article-b.h... - is less pertinent.) While there is a noticeable lack of growth during recessions, it's anything but dried up completely. Jeff Bussgang does a nice job of explaining why VC funds are more attractive to investors during a downturn - http://bostonvcblog.typepad.com/vc/2008/01/whos-afraid-of.html http://bostonvcblog.typepad.com/vc/2008/01/whos-afraid-of.ht... The sky is not falling.