– Mark Suster is a former serial entrepreneur and a partner at Los Angeles-based venture capital firm GRP Partners. This article originally appeared on Suster’s blog “Both Sides of the Table”. The views expressed are his own. –
Oh, man. Not another Internet bubble scare. They just won't go away.
The first Internet bubble—the so-called dot-com boom and bust—was a decade ago. Since then, the Internet sector has been a hotbed of tiny startups experimenting with new wrinkles in the web's evolution: social graphs, smartphones, local technology, augmented reality, etc. Some of the ideas are good, some startups become superstars like Facebook, drawing in more capital to similar companies.
Most top technology executives are used to juggling businesses worth hundred of millions of dollars, yen or euros. But this week at the Reuters Technology Summit, we asked: if we gave you $1 million to invest anywhere -- but not in your own company -- where would you spend it?