Shocker from Aspen: VCs aren't trying to fund the next Google (Tech Confidential

Friday
May, 16

9:39 pm

Search Tech Confidential

Shocker from Aspen: VCs aren't trying to fund the next Google

[Posted on June 30, 2006 - 3:54 PM]

Share This Story | Comments (0)

E-mail

del.icio.us

Technorati

Facebook

Digg

The latest development from Fortune's Brainstorm conference in Aspen is that venture capitalists are investing in China, India and wireless applications rather than trying to fund a company that competes with Google or eBay. Seems to make sense considering that Google and eBay were founded eight and ten years ago and that venture capitalists are supposed to invest in future, rather than past, trends.

Mayfield's Kevin Fong said he's excited about an online mobile betting tool in China and a wireless advertising startup in the US, during a panel devoted to venture capital at the conference. Greylock's Aneel Bhusri is looking to India's consumer market for investment returns while Global Catalyst's Kamran Elahian said the wireless semiconductor market is ripe for growth.

I'm sure Google and eBay are sharing a sigh of relief over this one.

For more on the Brainstorm conference, see:
CNNMoney.com
Brainstorm blog
Joi Ito

Technorati tags: brainstorm, vc, venture capital.

Also From Tech Confidential

Tech Confidential Home Page

Post a comment

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Please only click "Post" once. It may take a few moments to process.

The Tech Confidential Network
The Tech Confidential Network unites the leading voices from around the Internet on the topics of high-tech startups, venture capital and investment exits. Bloggers and publishers that want to expand their readership and monetize their content are encouraged to apply to join the Tech Confidential Network.

Video

Behind the Money, Episode 30: Electronic Arts bid for Take-Two

In this episode of Behind the Money, we speak with Matthew Wurtzel, editor of Dealscape about the expiration of Electronic Arts bid for Take-Two Interactive on May 16, 2008.