heuristocrat | 17 years ago | on: Could VC be a Casualty of the Recession?
There is a big difference in capital required for an online internet, service or software company and most other types of start-up businesses. VC will absolutely play a major role because money is needed for equipment, teams of people and global operations. The effort required to raise $1M is way more than 1/10 of raising $10M - so raising small amounts of capital is probably very inefficient in general.