It takes a generation of entrepreneurs to start and have a success or two despite the conditions. Then unless they pull a lightbank they will reinvest in the next generation of entrepreneurs.
Yes, that's happening already. The founder of the company I work for (Rachel Delacour) got a good exit by selling to Zendesk and now she's a business angel.
Can you expand on pulling a Lightbank? Full disclosure, I’ve worked for two Lightbank-funded companies in Chicago but am just curious what you meant there.
It takes a generation of entrepreneurs to start and have a success or two despite the conditions. Then unless they pull a lightbank they will reinvest in the next generation of entrepreneurs.