I noticed I unnerved some of the venture capital people where with what I had to say about VC in general.  Sorry about that.  Jesus, get a life.

As I was quoted in Business Week following my speech, VC has long been like the record companies, with the record companies you can only contact them through somebody they "know."  With VCs, you can only contact them via somebody who has already been funded by them....my merely saying that this system isn't so great for start ups was not taken well.  What i should have said was that this system is extremely self serving for VCs and arrogant to boot.

Of course, my speech was made just a day after it was pointed out in the press that VC investments are way down.  Angel investments are about even at this point.

I don't have any real bone to pick with VCs, but I do think the system could be improved a great deal.