Angels & Demons...
Ottway Ducard stashed this in Angels
“There’s a storm coming, Mr. Wayne. You and your friends better batten down the hatches. Because when it hits you’re all going to wonder how you ever thought you could live so large and leave so little for the rest of us.”
What will those 60,000 businesses do?
Either become profitable with angel money, sell their company to another company, or go out of business.
Had a phone call with a lawyer with a top SV firm today ...
he says folks are getting nervous. perhaps not as bad as 2008, but worrisome.
Investors are almost always nervous.
Why? Because whenever we have money, we're afraid of losing money.
Except for those rare instances when greed overrides fear.