The innovation and job creation "engine" that was the US VC sector has ground to a halt. Early stage companies are failing by the dozens. Not because of failed business models, but because of lack of capital. The VC industry has essentially shut down. They are concentrating on maintenance of their current portfolio companies as opposed to putting capital to work in bringing new innovation to the market.
Do we need to bail out or fund industries that need to become *lean* and shed jobs to become economically viable.... or should be concentrate our efforts and capital on a sector that has long proven to be the job creation and innovation engine of our economy.
A mere rounding error by the Treasury would supply enough capital to the Healthcare VC sector to fund the next level of innovation which would create jobs, improve healthcare, reduce medical errors and keep the US in its leadership position as the worlds innovation leader.
I refer you to a post on John Cook's Venture Blog, by Rob Coppedge.
HL
