The New York Times is running a contrarian article today, highlighting a few Valley VCs who believe the credit crunch could be a boon to tech investing ’“ not a hindrance.
“When the credit crunch happened, it almost immediately led to a better mood for tech bankers…the latest events will create critical momentum for the investors tempted to return to technology start-ups. The credit crunch pushes these people over the edge.”
– Keith Benjamin Partner at VC firm Levensohn Venture Partners