Now how do you counter that...?

"What new innovations are coming out of India? What new innovations are coming out of China?" asked Bill Barney, chief executive of Hong Kong-based Asia Netcom, whose deep-sea fiber-optic cable network serves companies throughout Asia and in Silicon Valley.

One roadblock, Barney and others say, is that Asian societies tend to embrace strong corporate hierarchy and workers don't voice opinions.

"In Silicon Valley, you can chit-chat and share your views with your boss," said Alfred Kwok, a long-time Silicon Valley entrepreneur in the semiconductor industry who splits his time between San Jose and Suzhou, China. "In Asia, this is considered bad protocol."

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End of tech fad, is it ?

I thought VCs giving up serenading tech paradigms (citing lack of disruptive startup ideas) is just India specific. Many VC firms in India have already invested in many other industries including Financial Services, Capital Goods, Infrastructure and so on.

I was in for a shock when I read this. A symposium of venture capitalists to be held next week in Mountain View, CA intends to shift its focus for the evening from the next big thing in the high-tech world to one of the older businesses on earth: real estate.

Déjà vu…Indian VCs can finally take some credit for setting trends – how to give up and shift focus (before you bite the dust)…!
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