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Silicon Valley VCs don't want Obama's money, think Google is passe

12 points by peter123 17y ago

motoko 17y ago
8. Health care administration will be the fastest-growing sector. (The panelists were so bored by this trend they didn't even discuss it.) Warning Bells Information technology venture capitalists didn't "want" to discuss "the fastest-growing sector" which constitutes the transmission, storage, and processing of structured information?
- philwelch 17y ago
  Sadly, health care is so strongly regulated that starting up in that sector might be more of a legal challenge than a technical challenge. With this administration, the very parameters of the market are within question. How much will be taken over by the government? Who wants to sell to the government?
  - johnnybgoode 17y ago
    Yes. There was an Economist article related to this, about progress in health care in India that wouldn't really be possible in Western countries: http://www.economist.com/displayStory.cfm?story_id=13496367 http://www.economist.com/displayStory.cfm?story_id=13496367 Health care isn't just about making new treatments possible; it's also about making existing treatments efficient and inexpensive.
pj 17y ago
VC's are the best predictors of irrational investment ideas.
iamelgringo 17y ago
* While acknowledging that the administration's heart is in the right place, he pointed out that traditionally, direct investment in technology by governments doesn't work out well. He said the United State's subsidies on ethanol, France's decision to skip the Internet in favor of the state-sponsored Minitel, and Japan's direct investment in supercomputers as it tried to spend its way out of a recession were examples of poor investments. * I'd be willing to say that VC's aren't really interested in government funded research because it actively competes with them. I've been thinking about the roll of government funded research for a while, and I've been amazed at how much science is advanced by military and government funding. Take the tour at the Computer History Museum. I doubt that computing history would have been the same without massive government funding of Colossus and ENIAC. Where would the internet be without ARPANET? Where would nuclear energy be without the Manhattan project? Where would chemical science be without the huge funding in World War I: http://en.wikipedia.org/wiki/Military_funding_of_science http://en.wikipedia.org/wiki/Military_funding_of_science Would our understanding of technologies like radar and sonar be the same without government funding? Would the semi-conductor industry be the same without government investment at it's inception? Certainly NASA has developed a few good technologies.
- deleted 17y ago
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12 points by peter123 17y ago

8. Health care administration will be the fastest-growing sector. (The panelists were so bored by this trend they didn't even discuss it.) Warning Bells Information technology venture capitalists didn't "want" to discuss "the fastest-growing sector" which constitutes the transmission, storage, and processing of structured information?

philwelch 17y ago
Sadly, health care is so strongly regulated that starting up in that sector might be more of a legal challenge than a technical challenge. With this administration, the very parameters of the market are within question. How much will be taken over by the government? Who wants to sell to the government?
- johnnybgoode 17y ago
  Yes. There was an Economist article related to this, about progress in health care in India that wouldn't really be possible in Western countries: http://www.economist.com/displayStory.cfm?story_id=13496367 http://www.economist.com/displayStory.cfm?story_id=13496367 Health care isn't just about making new treatments possible; it's also about making existing treatments efficient and inexpensive.

pj 17y ago

VC's are the best predictors of irrational investment ideas.

iamelgringo 17y ago

* While acknowledging that the administration's heart is in the right place, he pointed out that traditionally, direct investment in technology by governments doesn't work out well. He said the United State's subsidies on ethanol, France's decision to skip the Internet in favor of the state-sponsored Minitel, and Japan's direct investment in supercomputers as it tried to spend its way out of a recession were examples of poor investments. * I'd be willing to say that VC's aren't really interested in government funded research because it actively competes with them. I've been thinking about the roll of government funded research for a while, and I've been amazed at how much science is advanced by military and government funding. Take the tour at the Computer History Museum. I doubt that computing history would have been the same without massive government funding of Colossus and ENIAC. Where would the internet be without ARPANET? Where would nuclear energy be without the Manhattan project? Where would chemical science be without the huge funding in World War I: http://en.wikipedia.org/wiki/Military_funding_of_science http://en.wikipedia.org/wiki/Military_funding_of_science Would our understanding of technologies like radar and sonar be the same without government funding? Would the semi-conductor industry be the same without government investment at it's inception? Certainly NASA has developed a few good technologies.

deleted 17y ago
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