Tuesday, March 11, 2008

Great reference for the future of Nanotech

Wow, I've sure been a bum! Actually, I've been busy as heck networking and researching. I met a great guy over at SRI in Menlo Park who is deeply interested in molecular manufacturing. He even got to paper-signing stage for a strat-up, but the VC backed out at the last minute. His point echoes the newsletter author in my last post. Apparently, the VCs were circling around looking for their next kill after the tech bust. Most of them jumped on the Web 2.0 bandwagon and left nanotech. My contact told me that most of the VCs he met had no basis for evaluating technology whatsoever. He said the few very notable exceptions recognized the investment in basic research that remained. My two cents worth: Because there is so much money on Sand Hill Rd, the smart and established money with institutional clients will move into nanotech where the entrepreneurs are eager and the competition is scarce. Why not move out to a five year time horizon given the potential of the innovations and the fact that institutions would have to re-invest the money anyways.

For a great and comprehensive view of the coming Nano-revolution: check out this comprehensive Road Map over at the Foresight Institute.

No comments: