Given that I live in Dallas and try to work in entrepreneurial settings wherever I can, I do not like to read articles like this, which recounts one of Inc.com’s authors email correspondences with venture capitalist Fred Wilson’s buddy Jerry Colonna. The author of the article recounts an email from Jerry, who was then a Dallas-based CEO:
What’s the equivalent to the Ivory Tower for consultants,
columnists, and ex-VCs? I need to know because the e-mail from a
Dallas-based CEO made me realize that I’ve been locked away.[Jerry] sent me this e-mail detailing his difficulties in finding capital for his company:
First, I live in the land of no VCs — Dallas, TX (excuse me…firms that call themselves VC but don’t actual provide capital) …
Now the article is not surprising to me as I am somewhat familiar with the overall distribution of capital and entrepreneurial activity in the US. But seeing something like this written out by a person like Jerry, whose reputation precedes him … well it is a bit sobering.