According to the sales director of an IT retail store chain I met today SME sector has not yet started to make big investments. However, might the case be that the basic infrastructure is already in place and thus only adjustments and enhancments are required? Ellison of Oracle has started to think so. He says that "the industry in total will actually shrink."
My personal barometer for high tech activity is sensing once again more action. Yesterday I had some discussions with entrepreneurs who were active during the last dotcom and mobile mania. It seems to be in the air that many serial entrepreneurs are starting to found new companies again. Funnily enough things seem to happen in patches like in the past hype. Everybody is starting to move at once and thinking along the same lines. Well, this time I don't mind since new companies will mean more activity and energy to the economy.
"With the NASDAQ stock index up some 25% since March, history suggests that venture capital will soon follow." The vibes are that funding environment might start to move again. Well, within 12 months at least.
German VC market temperature by privateequityonline.com.
Posted at August 12, 2003 03:33 PM