All VC activity has NOT stopped

A word of hope to entrepreneurs:

I just learned of another Web company that just got funded and will announce such on Tuesday. So, even after the worst week in the stock market in history and a pretty darn tough economy coming toward us, entrepreneurs are still getting funded.

Some things, though. The company getting funded has pretty sizeable adoption curves (millions of customers) and is in a hot market space and has a good business plan with a reasonable chance of making money.

That matches what Bob Ackerman, founder of Allegis Capital told me (that good VCs will fund good companies even if the world goes to hell).

Add into that the merger and acquisition activity that I’m hearing about over the next couple of weeks and some people are setting themselves up very well to survive the storm.

Anyone else have good news? We need more.