Exclusive outtakes from industry leaders
Whether it’s passing up on a ticket to Woodstock or not buying Apple stock at $80 a share in January 2009, everybody has regrets.
So what do VCs regret?
We asked the panel of three money-men gathered for the VC Panel at the Reuters Technology Summit for their biggest laments when it comes to the deals they let get away.
“For me the one that comes to mind is AdMob,” said Khosla Ventures partner David Weiden, referring to the mobile advertising firm that Google announced plans to acquire for $750 million in November.
“I talked to Omar (Hamoui, AdMob’s founder and CEO) when he was one employee and spent a bunch of time with him early on and then we didn’t end up doing the investment together and I absolutely regret that,” he said.
For Matt Murphy, partner with influential Silicon Valley Venture fund Kleiner Perkins and point person on the firm's iFund, old-school is still the way to go.
During an interview at the Reuters technology summit, the VC said picking the right startups to back was tough, given that he had received 8,000 business plans for iFund, which invests in iPhone and iPad applications.
Good news for us computer geeks! PCs are nearly ready to ditch hard drives for faster, less energy-intensive drives with flash memory, like in a camera or cell phone, according to memory maker Micron, which ought to know. That is exciting news for victims of crashed hard drives and people who always want something new.
"I think it'll be a story in 2011, and it'll be pretty good penetration in 2012. But, you know, maybe I'm wrong," said Mark Durcan, president and chief operating officer of Micron, during the Reuters Global Technology Summit.
Say it's not so -- 'the cloud' isn't ready for prime time? That's the view from networking company Brocade, whose marketing chief compared the hype to the rush years ago to call center outsourcing.
All those applications and data that live off your computer somewhere in the Internet make up the cloud, from Google word processing software to your home pictures and video, and it is hot, hot, hot. But Brocade chief marketing officer John McHugh told the Reuters Global Technology Summit in San Francisco that big business was not ready to embrace it for sensitive data and the most important applications.
Still unsure whether economic recession is good or bad for video-games sales, more than a year in? If so, you’re in good company — neither does the world’s biggest games publisher. Electronic Arts’ head of European publishing says the company still hasn’t figured out whether people cut spending on big items like housing and cars first, or whether those kinds of decisions are just too hard.
“We really wonder, hmm, in economically difficult times would people in order to have SOME fun actually play more games or less games, and then, would they spend more or less? It’s really, it’s impossible to say,” Jens-Uwe Intat told the Reuters Global Technology Summit in Paris.
Broadband subscribers want as much speed as they can get their hands on, even if it’s way beyond what’s needed by the most avid downloader of music, keen watcher of video or biggest Facebook addict, reckons cable operator Liberty Global’s CEO.
Maybe he would say that, but Mike Fries says today’s subscribers are signing up for speeds of 100-200 MB to be safe in the knowledge they won’t be left behind whatever the next stage of the Internet — a bit like owning a car with a top speed way beyond the limit.
By Paul Sandle
Sit back a minute and think back to your school days — doing homework on the bus, skipping double physics on a Friday afternoon…nice, huh? Well, no more if Pearson prevails.
The reluctant student skulking at the back of the class, copying homework at the last minute or taking a day off, like Ferris Bueller, could find school a lot tougher if his college starts using the publisher’s latest education products.
Rupert Murdoch may have a sprawling empire and may be one the media industry’s last moguls but sometimes a small trust-owned outfit can show the big guys how it’s done. And what does that say about the future? Read for yourself.
“The Guardian has been a fanastic innovator online, absolutely amazing innovator,” said David Levin, Chief Executive of United Business Media UBM at the Reuters Media Summit.”The big debate is how does Rupert Murdoch’s approach, saying I’m going to try and come off the search engines play, contrast with what the Guardian may or may not do. The Guardian is at the other end of the spectrum.
So, you got people who are webcentric and those who say well, ooh, I don’t like that web thing, I will somehow go off line…they’re toast.”
Rupert Murdoch take heed.