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Friedman On Stimulus Package For Entrepreneurs

Posted on Sunday, Feb 22nd 2009

Thomas Friedman has a good article in the NYTimes on how stimulus money ought to be spent. He suggests, instead of giving $20 billion to the whining General Motors, give it to 20 top VCs, and encourage them to take big risks. Read Start-Up the Risk Takers.

He also acknowledges that the stimulus vis-a-vis renewable energy policy is quite good, and is likely to stimulate a lot of jobs and innovation. I agree.

My thoughts are here: Stimulus Package For Entrepreneurs, to encourage bootstrapping as a weapon for mass reconstruction.

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This is naive suggestion from Friedman. Here is a good post about why.

http://www.avc.com/a_vc/2009/02/a-stimulus-plan-for-venture-capital-no-thanks.html

Jagdambha Bilasia Sunday, February 22, 2009 at 12:43 PM PT

I agree, mainly because I am strongly against billion dollar venture funds. They don’t accomplish any innovation at all. We’ve discussed this topic ad nauseam on this blog.

Sramana Mitra Monday, February 23, 2009 at 9:50 AM PT