Lessons from a Dot-Com Darwinist
It's not easy raising capital these days, especially for first-time entrepreneurs. But it's no picnic holding the purse strings, either. Venture capitalists, stung by ill-conceived investments in dot-coms, have become tight-fisted. With acquisitions and the IPO market stalled, VCs expect the lethargy to last through the summer, if not the rest of the year.
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