Silicon Valley needs entrerpeneurs, not bailouts
Silicon Valley and the entrepreneurship it fosters is different because it thrives on adversity, on making much out of little. This is why Sarah Lacy is right to rebuke Thomas Friedman's suggestion that the U.S. government should bail out venture capital firms:
Friedman further says in the column that "Bailing out the losers is not how we got rich as a country, and it is not how we'll get out of this crisis." Agreed. But what country got rich by bailing out winners? Is that even a concept that makes sense? I can't imagine … Read more