http://www.vcdave.com/2008/10/27/were-open-for-business/ The latest news from David Feinleib at MDV Fri, 27 Jan 2012 06:08:52 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.vcdave.com/2008/10/27/were-open-for-business/comment-page-1/#comment-4726 Mike D. Tue, 28 Oct 2008 16:30:14 +0000 http://www.vcdave.com/?p=393#comment-4726 I think the thing entrepreneurs don't realize about this crash is that the $1m-$20m they seek is generally petty cash to those who would provide it. If you're worth $100m yourself and have put some of that into a VC fund, I doubt you're really worried about what happens to that investment. You're more worried about the safety of the *rest* of your cash pile. You're worried that your super conservative bonds, index funds, and even bank accounts aren't as safe as they are supposed to be. You're not worried about a few chips you put down on some internet startups. My feeling is that to most wealthy investors, "investing" in startups is more educated gambling than anything else... which is totally fine. Helps keep life interesting :). I think the thing entrepreneurs don’t realize about this crash is that the $1m-$20m they seek is generally petty cash to those who would provide it. If you’re worth $100m yourself and have put some of that into a VC fund, I doubt you’re really worried about what happens to that investment. You’re more worried about the safety of the *rest* of your cash pile. You’re worried that your super conservative bonds, index funds, and even bank accounts aren’t as safe as they are supposed to be. You’re not worried about a few chips you put down on some internet startups. My feeling is that to most wealthy investors, “investing” in startups is more educated gambling than anything else… which is totally fine. Helps keep life interesting .

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