This story is from the category Business
Date posted: 02/11/2008
Silicon Valley is still open for business but entrepreneurs who want to survive the economic downturn face some tough choices.
So said venture capitalists attending a round table event to dole out advice to about 100 start-ups.
"It's not going to be business as usual that's for sure," said Kittu Kolluri, a partner at New Enterprise Associates. "But our business is still open and will continue to be open."
Angel investor Ron Conway believes Silicon Valley will be able to ride things out.
"We are not the epicentre of this storm and therefore the really great thing is innovation in Silicon Valley is continuing unabated," he explained.
"Today I see five new deals every day in the middle of this crisis and I saw five deals a day from start-ups and entrepreneurs six months ago. That is very encouraging to me."
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