More on Friedman, Connie’s got the right take at PEHub

Funny how one column can create such a big controversy in venture, and the week’s only one day in.

Connie has a great take on the Thomas Friedman vs. venture capital debate raging over here on PEHub. Thank you Connie!

We’re perplexed as to why so many in the venture business are seemingly against more resources for entrepreneurs. We believe in creative destruction. We believe that the power of a small, very talented entrepreneurial team can topple an entire industry full of the status quo. While we’re not directly advocating the government get into the venture business, we completely agree with Tom Friedman that stimulus dollars would be better invested with early stage entrepreneurs than into ailing auto companies.

Let’s spend some of that valuable stimulus time, attention and dollars on making a real impact on our future: foster innovation by repealing SOX, revitalizing the SBA, creating sensible tax policy to encourage early stage and angel investment. There’s loads of value that stimulus time and attention could provide the early stage entrepreneur.