It’s the (newest) economy, stupid: Will the emerging credit crunch derail growth in the venture capital market?April 15, 2008 Pittsburgh Post-Gazette
David Jaffe recently published his article, “It's the (newest) economy, stupid: Will the emerging credit crunch derail growth in the venture capital market?” in the April 15, 2008, edition of the Pittsburgh Post-Gazette.
In his article, Jaffe discusses Pittsburgh’s growing reputation as a venture capital hot-spot, but warns that economic thunderclouds are threatening to “eradicate much of the progress made in [the] region, to say nothing of rest of the nation.”
Recent economic issues may have a “ripple effect” on venture capital, says Jaffe, “leading to a drastic reduction in the availability of the risk capital essential for emerging growth companies.” Jaffe goes on to discuss scenarios of impending venture capital contraction.
Read the full article at www.post-gazette.com/pg/08106/873278-28.stm.