Having participating in the flurry of excitement of Silicon Valley in 1999 through the bubble bursting in 2000 through the funding desert in my native Puerto Rico, it becomes much easier to appreciate how the investing environment dictates the entrepreneurial opportunities. Christopher Mirabile, Managing Director of Launchpad Venture Group, explains exactly why startup founders should focus ruthlessly on the capital efficiency of their business model: you can make more mistakes and still come out alive!
