Skating through nuclear winter
6 November 2008 by Steve Blum
business, business model, cloud computing, laptops, mobile, netbooks, security, venture capital, wireless
business, business model, cloud computing, laptops, mobile, netbooks, security, venture capital, wireless
The mood was grim, taken at face value, at the Wireless Communication Alliance’s annual Venture Capital panel, held in conjunction with the Wireless Communication Association’s symposium, in San Jose on Wednesday, 5 November 2008. VCs were saying things like “nuclear winter” and “survival is the new growth”. It sounded like they were concentrating on keeping their existing portfolio companies alive, rather than investing in new ventures. The two exit routes they rely on — acquisitions and IPOs— are largely blocked right now, so they’re marking time.… More