Summit Notebook
Exclusive outtakes from industry leaders
from MediaFile:
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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.
The onslaught of business plans from app developers escalated to almost 500 per day when the fund expanded to $200 million in March.
When asked what gets his attention, Murphy said anything handwritten or hand-made leaves an impression.
from MediaFile:
“The Cloud” overhyped? Brocade says not there for business yet
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.
