Lidija Davis on ReadWriteWeb summarizes current VC advice for startups and entrepreneurs:
Go back to the garage. That's the message venture capitalists at the Dow Jones VentureWire Technology Showcase in Redwood City CA today, are offering to entrepreneurs and startups.
In the midst of one of the worst economic crises the world has seen, investors are in the main optimistic, and agree that to weather this storm and come out on top, today's entrepreneur's need to change their mindset and go back to basics: go back to the garage, and success will follow.
Expect to hear startups saying "yeah, we've gone into 'garage-mode,'" modeling after the term "stealth-mode." The only trouble is what to do with all the boxes?