To wit, I got an email recently from a prominent entrepreneur in the Research Triangle Park area. This guy's generally engaging and upbeat. Then they work 80-hour weeks, forsake their families, and pay themselves minimum wages. After fighting the odds, to have VC's end up with 90 percent or more of their companies, and then to get booted out in favor of a more 'experienced manager,' is quite a tragedy. Unfortunately, with this economic downturn, this is happening everywhere.
Most entrepreneurs are in a total state of shock.
Hide the sharp utensils. High spirits are as plentiful as new incubators these days. But maybe that's not so bad. Starting and operating a business, the last year has made all too clear, isn't like getting a driver's license. So says Keith Luedeman , one of the few cheerful tech startup CEOs.