A Lazy, Moribund, Oligopolistic Industry Bereft of the Incentive for Innovation

Following on from my previous post, and addressing the thesis that imitation – not innovation – is woven into the fabric of the 20th century venture economy, Umair Haque at recently penned a nice article at harvardbusiness.org called “Asleep at the Wheel of Creative Destruction” Here’s the question everyone wants to ask: Q. Why does President Obama have to invest …

Buying Technology For Beans

An article in today’s Wall Street Journal illustrates the effect the credit crunch recession is having on Venture Capital portfolios. John Steuart, a Claremont Creek managing director is quoted as gleefully saying “The portfolio is competing against itself and it’s survival of the fittest. It’s brutal” Here’s the problem for all of those game changing nanotech companies still struggling to …