2.0
1.0 
3.5 
3.8 
4.3 The Time Is Now
TheFunded.com Open Letter
Posted by Anonymous on 2008-03-19
Dear Venture Capitalist,
There is a lot of uncertainty in the broader markets, but there is one for sure: it is a great time to start a company. Many of the traditional costs of doing business are falling as a global talent pool emerges and new technologies take hold. Companies don't need a phone system or an HR department, and recessionary trends will reduce costs further. Meanwhile, a global marketplace is open for business with easy ways to reach remote areas of the world with both digital and hard goods. Consumption patterns are changing, tastes are changing, and new opportunities have emerged for products and services in all sectors, from entertainment to healthcare.
The savings in cost and new opportunities in revenue have recently been complemented by a strong and smart venture financing climate, where companies are able to raise the capital they need to grow. As more uncertainty takes hold in the broader markets, this healthy financing climate appears at risk. There is already some talk about the slowing pace of venture financings, and a number of large and irrational deals have been done.
It is not too late. In fact, now is the time.
This is a time to seize opportunities, not to hold back. One dollar invested today will go farther with more opportunity than almost any other time in recent history. The companies that get capitalized today will be building their businesses as the broader market sorts itself out, being prepared for strong liquidity opportunities as future unfolds. More money across more companies and across more sectors will generate some of the best returns for venture capital to date. Don't hold back.
