Thursday, April 30, 2009
Microfinance, Nanotech, Biotech, Software/Hardware/Connectivity
Maybe Jack McCambridge - never met - is not the microfinance messiah, but a visit to his blog yesterday helped me gel a thought. I must have a soft spot for white guys who end up in India: I am half Indian. I found his blog at the blogroll of Slice Of Grice a few days back.
I think of microfinance the way I think of software/hardware/connectivity, biotech, nanotech. I fantasize of a day when the world pours a trillion dollars into microfinance instead of pouring trillions into housing bubbles in rich countries like just happened.
Top tech entrepreneurs expect to make billions. People who will help the world pour a trillion dollars into microfinance should fall into that same category. The return from microfinance is twice as that from US treasury bonds, more. But China gave an American president almost a trillion to fight a wrong war instead.
The near transparency at all levels that IT will make possible will help that goal of major league microfinance. But ultimately it is for individuals to step up to the plate.
Fractals: Apple, Windows 95, Netscape, Google, Facebook, Twitter
Dell, HP, Apple
The WiMax Appeal
Internet Phones, Video Blogging, Nano
Not Hardware, Not Software, But Connectivity