Daily Archives: February 23, 2009

The venture capital business needs Washington’s money like it needs a hole in the head (with apologies to Thomas Friedman).

Silicon Valley is just getting to the long-overdue end of one bubble. It really doesn’t need another one, courtesy of government bureaucrats. The contraction that is coming will be painful, but that’s no reason to put it off in the misguided name of stimulus (or the equally woolly “innovation”). Read more