This recession is really getting me down, and here's why. I want some new technology toys to play with.
One of the benefits of leveraged debt and venture capital is all the money that flows into new ideas, start up companies, and bold, new technologies. Most of them fail, but some of them succeed and making it into the mainstream of consumer lifestyle gadgets. The first decade of the 21st centurys saw the rise of the IPhone and other smartphones, satellite radio, Facebook, eBook Readers, VOD, pocket video cameras, digital music, big screen HDTVs, home theater systems, explosive growth in digital TV channels and programming, and IMAX cinemas, just to name all of my favorites.
While technology marches on, the beat has gotten slower. Sure, there have been some incremental improvements: Google's cloud computing has gained more traction, internet speeds faster, more HD channels, the netbook, electronic downloading of movies onto TV screens, IPTV, and these are interesting technologies but no real out the box, game changing ideas. The last major game changing device was the launch of the IPhone in 2007. Since then, nothing.
Come back venture capital. Technology and the world need you.
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