I agree with the sentiment, but I also think the comments to the post bring out the need for a level head when funding.
I also agree with Denis C.’s suggestion “If you want to help people who want to start their business, what they really need is legal and financial advice. There are tons and tons of paperwork to deal with, all kinds of regulations, fees, taxes, permits – if there’s a place for people to go to get free advice and free paperwork done, it would go a long way to helping them start. How about that?”
Let’s fund every entrepreneur
By Fred Wilson, principal of Union Square VenturesJuly 30, 2010: 12:10 PM ET
(A VC) — There was a great conversation Thursday at Y Combinator‘s AngelConf in Silicon Valley. Anthony Ha of Venturebeat had a couple posts on it that I just read, one on Paul Graham’s comments, and another on Ron Conway and Mike Arrington’s comments. I would have enjoyed being part of that discussion, so I’ll join in now.
I second Ron Conway’s hope that “any entrepreneur that has ‘the guts’ to start a company gets funded.” That is my kind of thinking. We need more entrepreneurship, not less.