The basic crux of the article is that VC != technology investors, and that money spent in emerging markets on relatively commodity businesses can yield returns similiar to those seen in the 90s with tech businesses here, while here tech businesses are maturing and not returning the same as they used to.
I think this is a good thing for the world overall, the more people that come up to the middle class, the more people that will have disposable income to spend on products. I just think that there are plenty of promising ideas here to invest in as well if they start looking past Web 2.0 in favor of more concrete businesses.
I think this is a good thing for the world overall, the more people that come up to the middle class, the more people that will have disposable income to spend on products. I just think that there are plenty of promising ideas here to invest in as well if they start looking past Web 2.0 in favor of more concrete businesses.