| Any venture capitalist you meet will be pretty high | | | | Nevertheless, maybe the incubator model is a better |
| on themselves, and they will tell you they create | | | | way to go? Assisting garage type start-ups with |
| economic activity. Of course, most entrepreneurs | | | | what they need and choosing the best concepts |
| don't usually have that similar view, rather they see | | | | could really help with the innovation needs of each |
| them as a necessary evil. Are VC a necessary evil? | | | | DMA, and smaller regional areas in the US. America |
| You see, in many regards Venture Capitalists have | | | | needs to keep up with the innovative pushes in |
| left a bad taste in the mouths of many economic | | | | South Korea, Japan, Germany, Australia, China, India, |
| development associations, but they realize that new | | | | Brazil, etc. |
| ventures must have funding. | | | | It appears to me that we are losing our edge, and |
| The VC credibility as you remember was at an | | | | the concept of the US becoming the "knowledge |
| all-time low after the dot-com bubble burst. The | | | | workers" of the world seems somewhat "wishful |
| venture funding arena does create jobs, and | | | | thinking" because our innovations, inventions, |
| economic opportunity, but don't kid yourself, the VC | | | | concepts, designs are being stolen as fast as we |
| are out for themselves, first and foremost, like any | | | | produce them, and those nations which copy various |
| business, they want to make money, any way they | | | | aspects of our free-market system, are actually |
| can, whatever it takes, even if they have to pull | | | | doing it better than we are as we bombard it with |
| favors from here to hell and back. | | | | bureaucracy, barriers to entry, and |
| Why do cities and local politicians want to support VC | | | | socialist-style-governance. |
| so much, if they are merely out to enrich | | | | Soon they will be teaching us how capitalism works, |
| themselves? Well, it's simple, you see, when cities | | | | and why it works. This is why we need an innovation |
| and economic development associations get behind | | | | revival and I'd say that Venture Capitalists are one |
| business start-ups they want to support the local | | | | vehicle, but we need to explore them all and move |
| home-grown teams, and they want those jobs to | | | | this ball forward as fast as possible. Please consider all |
| stay there, organically grown if you will. | | | | this. |