VC as a safe haven?
Marc Averitt, a venture capitalists at Okapi Ventures in Orange County, makes the case today that venture capital is a safe haven from the turmoil on Wall Street.
I am very excited about the prospects of venture capital as an asset class. More specifically, I think now is an ideal time to be in early-stage venture capital (especially in Southern California) and, in fact, I continue to put my money where my mouth is here and will post more on the specifics of the SoCal venture ecosystem in the months to come.
Marc also points out an upside of the economic turmoil (well, for VCs, but not for entrepreneurs):
One of the upsides of the current economic conditions (if there is such a thing), is that valuations for start-ups have come down and continue to decline for most sectors.
