We talked about the valley of death, angel financing, venture capital, and the three f's: friends, family, and fools. Part of the problem I see is that there doesn't seem to be much initiative for people to venture into that area.
There's another problem too, and I think Mr. Arthur treaded on it lightly. We're talking about correcting some of the mistakes we've made in the past in innovation, and better ideas for doing things, but are we training our kids at the university level that it's okay to make a profit? When we're talking about venture capital, going out into the world of business, and encouraging young people to do that, are you getting enough help from the universities from the economic standpoint? This is a capitalistic society, and if we're going to succeed we need to encourage them, rather than possibly giving them some other message.