Rising Tides

In Peter Cranston's piece on rising tides, he says

I’ve lived through irrational markets and IPO’s – the old phrase was “all the fools are dancing while the bigger fools were watching”… Well we’re now in a rational market place.
It’s good to be an entrepreneur right now, the tide is coming in.

GaryLemberg's March 2006 piece on startups from a VC point of view is worth reading in this context.

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