Almost every project I had (or heard about), across multiple industries, had to trudge for most of 2009. Amazingly, a few of our portfolio companies that boot strapped like crazy are poised for launch in the first quarter of 2010, including:
a Premium Tequila Importer,
a Wide Area Wifi company, and
a Web Asset Integration Interface service.
There are a few more that are hanging around and could get into the starting gate if a few things break the right way.
Of course, I know that eventually some are going to have to raise some capital, but it has been impressive to see how far creativity and determination can take a company.