With all the mash-ups, scraping, and remixing, sometimes I wonder if pure technology matter? Seldom do I read reports on infrastructure, the chips and optical components. The analysis of this blog’s traffic patterns also shows that people are more obsessed with Google than with say JDSU. Mike Hirshland, a partner with Polaris Ventures, perhaps channeling legendary investor Peter Lynch, thinks most people like what they can use, and thus focus on it.
Folks over at Roeder-Johnson, a SV public relations firm decided to survey some of the key Silicon Valley players — venture capitalists, entrepreneurs, journalists and analysts — and found that nearly 91% of those surveyed agreed that “unique technology is crucial to the success of start-up companies today?” Interesting, given the mash-up times of today, though I have too many different opinions on this subject.
One respondent, a venture capitalist, wrote: “Relatively speaking, unique technology is less important now than five years ago. Today, companies appear to be valued on their market success (as evidenced by customers and revenue) rather than purely on ‘game changing’ technology.” Another, a repeat entrepreneur, volunteered: “The value of unique technology is based on what the company is trying to do. It’s all about fulfilling the customer need which can be done with technology, service, packaging, or existing technology…. All are valid ideas for company creation….Dell is quite successful without unique technology and there are many others.”