Venture capitalists' "confidence" is at its lowest level since the University of San Francisco began a survey of startup investors in 2004. Sharing the pessimism, angel investor Ron Conway told Silicon Alley Insider that, given current economic conditions, wantrepreneurs should "keep their day job." If they can't find enough funding to get a year's worth of cash in the bank " then they’re not meant to start that company right now," says Conway. "If you can’t raise more money, you have to cut costs. And that’s what I’m harping on to my companies." Wait a second — in what economic situation would this not be good advice? (Photo by Joi)