Notes &
Here’s the reality: The job creation, innovation and economic engine of America are not the companies that are funded by the top 20 venture funds, but the 99.999% of businesses who are run by people who could never get inside the door of one of the top 20 venture firms until long after they didn’t need money from them.
This was a great response to Friedman’s article, which I, perhaps hastily, endorsed. My main point, and I think Rex does a better job of driving this home than Friedman did, is that America needs to support and foster entrepreneurship — not tired car companies, banks, nor even, vc’s.
