Worth reading from around the Internet…
Thomas Friedman’s “Time to Reboot America” column in the 12/23 NY Times really sums up a lot about what I’ve been thinking and why I was so excited about Obama’s campaign. “John Kennedy led us on a journey to discover the moon. Obama needs to lead us on a journey to rediscover, rebuild and reinvent our own backyard,” Friedman writes. “…we don’t just need a bailout. We need a reboot. We need a build out. We need a buildup. We need a national makeover. That is why the next few months are among the most important in U.S. history.”
Meanwhile, the Onion, which never disappoints, writes “Area Woman Becomes Republican Vice Presidential Candidate”, a very funny piece that satires the preposterousness of John McCain’s selection of Sarah Palin as his VP running-mate.
Finally, Forbes has an interesting article, “Venture Capital’s Coming Collapse”, that says “the venture capital industry is staring at the most vicious shakeout in its history.” Essentially, the VC system is structured based on a smaller number of “home runs” (like Google, YouTube, Skype, etc.) rather than a series of singles and doubles. And with the capital markets in their current states, exists are few and far between — the IPO market is closed and M&A activity is negligible.