Entrepreneurial Edge - In a Recession, Angel Investors Are a Little Less So - NYTimes.com
Interesting article about some of the current issues facing both startup companies and their backers.
It's probably worth noting that here in Birmingham, I know of one VC firm that has recently raised a new fund and another VC group that has a portfolio company IPO planned in a couple of weeks, so things aren't completely grim.
Now get out there and build something.
