Keep the Faith

There has been a lot of talk lately about what the U.S. economy will or will not do this year and, more specifically, how any “downturn” will affect the venture capital community.  As I stated yesterday on an OCVG panel, I’m not an economist but my personal belief here is that some of the best venture-backed companies were started during  U.S. economic “down” periods and am personally encouraged for the SoCal venture community this year regardless of what the U.S. economy ends up doing this year.  Maybe it is because I’m a true early-stage investor and that companies I fund this year are at the inception of their corporate life cycles… or maybe it is because I am economically ignorant and have a limited appreciation for macroeconomic symbiosis… or maybe it is because I have faith that things will work out either way.  Some say that fear is the absence of faith.  If you believe them, then ditch the fear and keep the faith.