The money is flowing again, folks. Investors aren't playing defense like they have the last year and a half. Angels and VC's are a lot more willing to put money on the table and take a gamble on your business.
Not only that, but companies in a lot of the country are flush with cash because their payroll costs are down, and their stock prices are up. There's going to be a lot more companies shopping around for startups in the next couple of years.
I read the transcript and this one made me chuckle:
Mr. ARRINGTON: Oh, I’m sorry, it was Quora who was with Elevation Partners. I got that wrong. Yeah. Who – I’m sorry, you told me before – but Blippy? Who was it that you were bidding again?
Mr. HORNIK: It’s always amazing to me that you – this obviously works sometimes.
Mr. ANDREESSEN: He’s building a fantastic – he’s building what’s going to be a great – he’s going into a huge market, you know, going up against incumbents, you know, all the incumbents in the space have been bought by the likes of Oracle and… he’s going up against, you know, incumbents that are not going to make the shift to the next generation nearly as aggressively as he is and there’s all kinds of market demand for this and numerous companies. But none of us are ever going to use the product – it’s not that kind of product.
Not only that, but companies in a lot of the country are flush with cash because their payroll costs are down, and their stock prices are up. There's going to be a lot more companies shopping around for startups in the next couple of years.
It's a good time to be an entrepreneur.