"... 'Our new investments in a down public market are tilted toward early stage ventures,' says Steve Jurvetson, a partner at VC firm Draper Fisher Jurvetson ..."
investors were unwilling to fund entrepreneurial activity for nearly twenty years of risk-aversion following the depression. vcs think this will be just a four-year hiccup. in ten years most of them will be gone, along with everyone else who thinks that the beginning of a secular bear market is the right time to take risk.
Right advice. Is DFJ a top tier VC?