The Angels Are Fleeing
Posted by Brian Wong on Feb 03, 2009, under AerNews
Nothing relevant to the heavens however, in this discussion. Today we receive alarming news of the withdrawal of large amounts of angel funding in the entrepreneurial sphere. Particularly hard hit: tech startups, and potentially more relevant to us: tools that will further the web technologies and subsequent shifts that are supposed to define the web as it is today and will be tomorrow.
The angels are become a bit less forgiving to high-risk ventures. High-risk, high-return, is not a chance they would like to make in these economic situations. But please: remember that risk is what MAKES entrepreneurship. Please don’t let the numbers slaughter our gaurdian angels. It’s just not worth it.
Article Link: The Angels Are Fleeing
