The prominence of technology is riding high, with billion dollar initial public offerings (IPOs), news of large acquisitions, and a seemingly egalitarian spree in mobile applications pushing the profile of the industry up among the public; you can’t open a newspaper today without seeing story after story not just profiling firms, but even fashion and intrigue in the technology sector.
The old joke is that if your taxi driver gives you stock tips, it’s time to sell. Take a ride in San Francisco today, and try to find a taxi driver – and why are you taking a taxi and not one of the several new car sharing services in the city? – that doesn’t sport a smartphone and know about Facebook’s IPO. Consumer-facing technology companies and their financial moves, buying, being acquired, flaming out, and going public, are now common conversation.
To read the full, original article click on this link: The valley vs. the rest: The state of the venture capital industry - The Next Web
