Originally posted by Bill Spruill on the Nctechocrat Blog. Bill is a mentor in CED's Venture Mentoring Service and current member of the Board of Directors.
Read a interesting article this a.m. in the WSJ by Chris Mims. His
premise is that Silicon Valley investors have in general stopped
focusing on investment in hard technology and innovation in order to
focus dollars on things like faster delivery and better social
I found this to be interesting as it ties into a set of thoughts I’ve
shared with my network around how the Triangle community should
differentiate itself by focusing on its strengths in material science,
agritech, computer visualization, nanotech and hospitality (yes did you
know NCCU has a top class hospitality program?).
Currently much of our investment and company building focus has been
applied towards deals that compete with SV type deals. These are
companies that drive eyeballs, focus on advertising or attempt to
produce the next world class app that will shake the iUniverse or
Android user base. One of my most admired entrepeneurs (and a friend of
mine) in the area was a top student in the Chemical Engineering program
at NCSU but he is focused on a social dynamic problem that is
interesting but not a innovative BIG problem to solve.
I’m a big believer in playing to your strengths. Our strengths are
our abilities in hard science and technology. We as a community should
consider aligning ourselves towards these strengths versus feeding into
an investment bubble that is possibly unsustainable over the long haul.
It might be harder and require a longer term investment horizon but
the results could be so much larger and impactful on the global stage.
The article is here.