Funding business plans from first time entrepreneurs won't happen anymore(the-accelerator.blogspot.com)
the-accelerator.blogspot.com
Funding business plans from first time entrepreneurs won't happen anymore
http://the-accelerator.blogspot.com/2008/03/innovation-continues-apace.html
Until at some point a first-time-entrepreneur does something really cool, and gets funding, and becomes a success. Then this will be popular again, and the VCs will only fund "new entrepreneurs who aren't stuck in the old way of thinking!".
I give it 24 months, if it ever even becomes reality in the first place.
VCs will fund whatever makes money. If my dog could write a nice RoR app, suddenly the Humane Society would be filled with potential CEO's...