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The idea that the economy can be saved by entrepreneurs that never need to raise money is sheer lunacy. I can believe that the funding climate might not be some
by neilc 18y ago
The idea that the economy can be saved by entrepreneurs that never need to raise money is sheer lunacy. I can believe that the funding climate might not be someone's primary consideration when deciding whether to start a company; I can also believe that it might not have much influence on the very early stage growth of the company. However, outside investment still plays a fundamental role in the growth and success of most companies of non-trivial size.
- netcan 18y agoOk. But you are disagreeing with the premise of the article. Not the article. The premise is that entrepreneurship is what will get the economy out of this. Not capital flows.
- neilc 18y agoThe point is that entrepreneurship (at any significant scale) is intimately related to the availability of capital. That applies to all sectors of business, but particularly to capital-intensive ones.