|WEATHERING THE STORM: ENTREPRENEURIAL OUTLOOK FOR 2012|
Aruba, December 28, 2011 - It’s no secret that the 2000s were a rough time for entrepreneurs and venture capitalists. As compared to the booming 1990s, where credit was cheap and readily available, dot.com IPOs drove the NYSE to new heights and US patents dominated innovation, the 2000s have been a bust for many stary-eyed VCs and entrepreneurs. Sure, we still have the Zuckerbergs, and Google sits poised to rule the world–but for the rest of us, the credit crunch and plunge in consumer confidence has made it very difficult for entrepreneurs to receive funding the past decade.
But optimism springs eternal in the startup world (otherwise why would we even bother?), and after weathering one heck of a recession, signs point to a (tempered) revival of US entrepreneurship and VC growth in 2012. Winter is coming…but so is another fiscal year, this time with better economic indicators across the board. For the first time in nearly five years entrepreneurship outlook in the US is looking up: