Venture Capitalists' Actions, Words At Odds
from the no-reason-to-tell-the-truth dept
Watching venture capitalists speak whenever they have to give a presentation or be on a panel is usually fairly amusing. They tend to always say the same thing and it’s never what they’re actually doing. Ever since the downturn began, they’ve been saying that now is a great time to start a company (well, they had been saying that before the downturn too – but nwo they say it for different reasons), and that they’re still looking to invest in new startup ideas. However, when it comes down to actions, they’re investing in fewer and fewer startups. They also say that things keep looking better, but that doesn’t seem to follow through to their investments. Of course, they’re pretty much just saying what they feel obligated to say in order to make people think they’re somehow still relevant. If you talk to VCs in private, many of them seem willing to admit that they have no idea what to do right now and are scared of investing in just about anything.