The U.S. likes to think of itself as a cradle for the world's newest
and cleverest tech. But Intel's CEO Paul Otellini is foretelling a
looming high-tech crunch, and the nation's venture capital association
is equally worried now that 10-year VC returns have turned negative for
the first time in a decade.
Intel's Paul Otellini has a voice that's definitely worth listening to: As the successful CEO of one of the world's most successful companies, he is a man with his finger on the pulse of the tech industry (admittedly, concentrating on the chip markets) in a way that few others have. And speaking this week at the Technology Policy Institute's Aspen Forum, Otellini had dire things to say about the state of things:
"Our research centers were without peer. No country was more attractive for start-up capital...We seemed a generation ahead of the rest of the world in information technology. That simply is no longer the case."
To read the full, original article click on this link: America's Looming Tech Crunch: Blame Venture Capital, Immigration Law | Fast Company
Author: Kit Eaton
