The Coming Venture Capital Boom

Peter Rip, Partner at Crosslink Capital has a pragmatic view of where we stand in the business cycle and the outlook for venture capital and entrepreneurship generally.  I quote his post on the topic below, but the full post is well worth a read.

As the fire continues to rage in financial markets, it is hard to imagine when Opportunity will reappear. But the truth is when everyone sees Opportunity; they are only seeing the reflection.  True Opportunity appears at the market bottom, not at the top.   It’s times like these that test what you believe in, and I believe in the Business Cycle, Human Creativity, and the stimulative effect of massive Government spending. 2009 and 2010 will be great times to invest to reap the benefits in 2012-2014, for those who can judge both business risk and liquidity risk, and have the courage of their convictions.

I think Peter is right.  It sucks right now and will for a while but at the end of the day this is just another (perhaps deeper and longer) dip in the cycle of business.