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	<title>Comments on: The Current Environment</title>
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	<description>The latest news from David Feinleib at MDV</description>
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		<title>By: famebook (Jan)</title>
		<link>http://www.vcdave.com/2008/12/04/the-current-environment/comment-page-1/#comment-4766</link>
		<dc:creator>famebook (Jan)</dc:creator>
		<pubDate>Fri, 05 Dec 2008 15:48:19 +0000</pubDate>
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		<description>I always enjoy your balanced perspective and style of writing David and often look to your blog as the thermometer of the times.

Two things occur to me as an entrepreneur on the verge of greatness, who is fortunately escaping much of the negativity surrounding investors. Firstly, I&#039;m amazed how little mention is made of the fact that whilst the US has been at the forefront of the financial meltdown it still provides the dominant commercial &#039;ocean&#039; in terms of online platforms and could look at itself as the nearest and best positioned economic environment to the light at the end of the tunnel, and upon which even more of the worlds selection of ships will still have to sail.

Assuming Google, Microsoft, Facebook, You Tube, MySpace et al aren&#039;t suddenly compromised by some non US genius collection of all of the above in one place who can suddenly grab the world&#039;s attention, it would appear that the US will still lead the next 20 years or more in technology and media and so a short term financial crisis in confidence should be a distraction and not an excuse to lock up shop.

The other reason so many big companies have grown from recessions is in my opinion about character. True entrepreneurs don&#039;t look at hardship as an obstacle, rather they see it as opportunity. I&#039;ve had months of negotating with VC&#039;s and so many of them have tried to patronise me and imply that they would rather see a well known CEO at the helm, whom they&#039;ve worked with before. Time and time again, I have found myself reminding them that for every huge success, there is one name attached to that brand...Microsoft, Google, Apple, Facebook, Salesforce, etc. etc. Most of the Gates, Jobs etc. or employees thereof whom I&#039;ve been encouraged to court, never needed the VC to tell them how to  run their business either. My conclusion is that for all the VC&#039;s that look at this time as the end of the world as they know it, will never pull off a Peter Theil or Jim Clarke, because they won&#039;t and can&#039;t know what it is to get behind a true entrepreneur and give him the platform to do his stuff his way, rather than shape him up to do it their way. If I were a US VC, I&#039;d be rubbing my hands, because when the chips are down the heroes shine brightest and when I look past the misery of tax hikes and wingers, I can see a really bright light which has copyright USA stamped on it! You guys are gambling on horses and the one who goes for the outsider when the odds are worst is gonna get the cream!

As to your next big investment, it is probably too late but...</description>
		<content:encoded><![CDATA[<p>I always enjoy your balanced perspective and style of writing David and often look to your blog as the thermometer of the times.</p>
<p>Two things occur to me as an entrepreneur on the verge of greatness, who is fortunately escaping much of the negativity surrounding investors. Firstly, I&#8217;m amazed how little mention is made of the fact that whilst the US has been at the forefront of the financial meltdown it still provides the dominant commercial &#8216;ocean&#8217; in terms of online platforms and could look at itself as the nearest and best positioned economic environment to the light at the end of the tunnel, and upon which even more of the worlds selection of ships will still have to sail.</p>
<p>Assuming Google, Microsoft, Facebook, You Tube, MySpace et al aren&#8217;t suddenly compromised by some non US genius collection of all of the above in one place who can suddenly grab the world&#8217;s attention, it would appear that the US will still lead the next 20 years or more in technology and media and so a short term financial crisis in confidence should be a distraction and not an excuse to lock up shop.</p>
<p>The other reason so many big companies have grown from recessions is in my opinion about character. True entrepreneurs don&#8217;t look at hardship as an obstacle, rather they see it as opportunity. I&#8217;ve had months of negotating with VC&#8217;s and so many of them have tried to patronise me and imply that they would rather see a well known CEO at the helm, whom they&#8217;ve worked with before. Time and time again, I have found myself reminding them that for every huge success, there is one name attached to that brand&#8230;Microsoft, Google, Apple, Facebook, Salesforce, etc. etc. Most of the Gates, Jobs etc. or employees thereof whom I&#8217;ve been encouraged to court, never needed the VC to tell them how to  run their business either. My conclusion is that for all the VC&#8217;s that look at this time as the end of the world as they know it, will never pull off a Peter Theil or Jim Clarke, because they won&#8217;t and can&#8217;t know what it is to get behind a true entrepreneur and give him the platform to do his stuff his way, rather than shape him up to do it their way. If I were a US VC, I&#8217;d be rubbing my hands, because when the chips are down the heroes shine brightest and when I look past the misery of tax hikes and wingers, I can see a really bright light which has copyright USA stamped on it! You guys are gambling on horses and the one who goes for the outsider when the odds are worst is gonna get the cream!</p>
<p>As to your next big investment, it is probably too late but&#8230;</p>
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