From the Giga Om network, here’s an article describing how investors are doing fewer deals with new start up companies. It’s sad news for those companies that just need a little extra capital to make a big impact. It’s good news for those (not me) that can self fund a start up since there will be less competition now. Further, when the economy swings around again, the companies that could weather a tough downturn will be first in line when capital becomes more freely available.
The article can be read at http://gigaom.com/2008/12/11/economy-has-angels-pulling-back/