2006 may see a lot of newly-minted millionaires from upcoming investments by Venture Capitalists, as we earlier wrote about. While there are still jitters over the possible instability of tech-related investments, businessmen feel that now could be the right time to invest given a better IT environment.
One stark difference with today’s dot-com era (or whatever other appropriate name it can be called) from the 90’s is that the Internet has matured since then. The Web is now more standardized and more usable. People have also begun to trust in online transactions, an important assumption in doing e-commerce. Now we have broadband Internet access at majority of businesses and homes, and multimedia distribution has gone mainstream.
The tech bubble was very easy to burst back then, because there were no foreseeably solid business models, and VCs haphazardly spent their funds on just about any new idea. However, company formation and business solutions experts agree that now is the right time for technologists and capitalists to try building a golden era in tech once again. We advise everyone to proceed with care, though.