Paul Kedrosky, a Kauffman Foundation senior fellow who often criticizes the venture industry for fattening up too much (see here and here), must have felt the need to show some love, too. Over at TechCrunch, he pens a column called “Why I Love Venture Capitalists.” The column doesn’t say it, but Kedrosky is a former VC himself having worked as a venture partner at Canadian firm VenturesWest a few years ago. No matter, at a time when entrepreneurs continuously criticize VCs, it’s refreshing to see someone whose mission it is to promote entrepreneurship saluting the investors. After all, entrepreneurs and VCs in theory should be working together to create innovative companies….
Of the more than 20 million small business in the U.S., only about 500,000 are in a position to do business with the federal government, according to the New York Times. “That’s not because they are the only ones capable of doing the work; it’s because they know how to get the work,” says the Times, which offers a guide for start-ups looking to secure a federal contract….
WSJ: The Daily Start-Up: Let’s Hear It For The VCs