Blogger defends entrepreneur's courage, passion

04/26/2010 | NYTimes.com

Jay Goltz defends fellow blogger Paul Downs and his account of his struggling business. Some commenters questioned Downs' business acumen and his decision to raid his children's college fund for money. Goltz, blogging at NYTimes.com, commends Downs for his courage and for learning from his mistakes. "Entrepreneurship is not an exact science. There are many variables, including luck, competition, market conditions, and the ability of the entrepreneur to manage and adapt. And it is not a spectator sport," Goltz writes.

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