I’ve read recently – (Will Hutton in fact)
– that the great advantage of the West over the East is our aggressive
entrepreneurial culture, and that because of this we will survive and
thrive despite the greater numbers and economic power of China and
India. Crucial to such activity, however, is a thriving Venture Capital
sector, optimistically putting money into new ideas and new ventures
that might just make it. In a leaked PowerPoint from one of the leading
US VC companies – Sequoia Capital (funders of companies like Apple,
Oracle and YouTube) – the true depth of the recession we are now in is
laid out in dizzyingly scary figures. See The Daily Beast blog entry interpreting the slideshow, and the slideshow itself…
..