Chopra Addresses Exit Concerns at TIA Conference
Tech companies face daunting challenges in the slumping economy from tightened credit markets. So what’s a young startup to do? How about going after some of the more than $800 billion in President Obama’s stimulus package. That is at least one option that many VCs and startup entrepreneurs are wondering about, says Ajay Chopra, general partner of Trinity Ventures. Chopra spoke this morning at TIA’s Winter Small Business Symposium held at Cisco Systems headquarters in San Jose, Calif. Chopra was part of a panel called “Raising Capital in Tough Economic Times for Small-Mid Size Tech Businesses.” Joining him on the panel was Eric Zimits, managing director of Granite Ventures, and Michel Wendell, general partner of Nexit Ventures. The panel was moderated by Dean Takahashi of VentureBeat. Speaking on the side of the conference, Chopra said whether startups can access the stimulus package is big question that no one has the answer to right now.
