Image via WikipediaThere's web services - aka dot coms - and then there's clean tech, bio tech, nano. Dot coms have become much less pricey. Anyone can rent server space with Amazon. Pretty much anyone can write code.
"You can learn the basics of Ruby in two days," a techie told me a few days back. "And it is all on Google, all the material is free."
Clean tech, bio tech and nano are still capital intensive.
But the biggest returns are in what I am going to call catch up tech. This is the world of microfinance and global infrastructure projects. An annual 10% return is the floor when it comes to these opportunities. If the wise guys - and they were guys - on Wall Street had known to pump excess capital a few years back into catch up tech rather than housing, we might have skipped the pain of the past few years. You pump up housing value, and you sell mortgage based securities to each other. That was like setting the house on fire starting from the basement.
Mike Arrington, TechCrunch: So A Blogger Walks Into A Bar…
Master Of 500 Hats: Fire in The Valley, Fire in My Belly... and Yes, Mike, I Have Stopped Beating My Wife.
Fred Wilson: Collusion
Quora: Who are the Super Angels that Michael Arrington is talking about in his 9/21/10 Techcrunch post, "So a Blogger Walks into a Bar..."?
Silicon Alley Insider: Hooray For Mike Arrington