Tech

Lisette Avila

Airport Trends: Touch Screen Technology

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Ever grow tired and impatient having to wait in long customs lines when you travel? Those days are over with the implementation of touch screen kiosks in airports. Airports are beginning to make the switch from having travelers fill out paper work to having them simply answer a few questions on a touch screen kiosk.

                               

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Daniela Bolzmann

A Special Delivery for Chicago Moms

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We have noticed that WeDeliver is making it easy for people to check off to-do items from their busy schedules. So with Mother's Day right around the corner we have teamed up with our favorite local florist, Dilly Lily, to offer our BIC friends A Special Delivery for Mom. 

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Yulia Tsiaputa

Harman (speakers) & Chrysler Tech Event May 20

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We have a really rare opportunity at ChicagoAndroid.com to be hosted by a premium car audio manufacturer HARMAN who is using Android in their products.

In the meeting, Marios Zenios, VP of Chrysler will present his vision for the use of mobile in the future.

There will be a raffle of Harman products and much to learn, if you are a developer, it is a "cannot miss event".

http://chicagoandroid.com/forum/topics/harman-speakers-chrysler-tech-eve...

 

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Karley Sweet

Chicago's First Logistics Hackathon

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File 24392World Business Chicago is recruiting software developers to participate in the first ever Logistics Hackathon on May 18. The Hackathon will connect the region’s transportation and logistics companies to its thriving tech community, in hopes of generating innovative tools to impact the transportation and logistics landscape and ease congestion in the area.

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Lisette Avila

How smart is your smart phone?

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As smart phone technology continues to get more and more advanced, smart phones are beginning to look more like something out of a science fiction novel. They are an increasingly important part of many people’s lives as they can do almost anything. Let’s take a look at a few interesting new features hitting the smart phone market...

 

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Lisette Avila

World’s First Website

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Twenty years ago if you would have told someone to “Google something” they would have been extremely confused. Nowadays “googling” and the internet are essential to our daily activity so much so that the idea of not having internet access at our fingertips may cause us to break out in a panic!

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Lisette Avila

Perks of using “The Cloud”

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Cloud storage allows you to store important documents or files online. Using this can benefit your business in many ways by streamlining the process of saving and uploading files. Here are a few reasons why you should consider using the cloud…

                                    

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Guy Turner

TECH: The land of giants and what it means to your startup

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Warning: If you don’t like colorful data or linking together abstract concepts, hit the back button and find a USA Today!

Follow @guyhturner

TECH IS A GIANT LAND OF GIANTS

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Comments

Matt Moog

Guy - another great post. Thanks for the time and thought you put into these. Here is my question for you. Does looking at the whole universe of public companies or just the top 20 public companies skew the conclusion that industries are dominated by the giants? Even here in this market public digital companies make up less than 10% of our digital employment. And on a related note, I think I have read that a less than 20% of the companies on the Inc 500 raised venture money. As an early stage investor will you fund someone who tells you that building a $20mm annual revenue company would be considered success?

Guy Turner

Matt, thanks as always for your thoughtful comments and questions.

The stacked bar chart shows that relative to other industries, public tech companies tend to skew larger. That is not to say there isn't a very long tail of both public and private companies in tech, as in all industries. The existence of these giant tech companies shows that the drivers of value consolidation are particular powerful in tech - network effects, standards wars, etc. This matters to the long tail of startups because tech's powerful platforms impact the optimal strategies for small digital companies.

I love your $20M question. This is where small funds and large funds have different constraints. A $1B fund cannot invest in the hopes of a portco only hitting $20M in revenue. They can't get enough money to work with enough of a return to make it worthwhile. A $25M fund, like HPVP, is quite different. We have and will again invest in companies believing $20M in revenue is a good outcome. Also, raising venture capital is not a measure of success for every (or most) businesses. I tell entrepreneurs this all the time.

Alex Fedotov

I, personally, think the local markets are the best 'niches' (at least in a patchy country like this one).

Lisette Avila

Innovative, Eco-Friendly Gadgets

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In honor of Earth Day, let’s take a look at a few tech items designed to save energy.

The Hue Lighting System revolutionizes lighting in your home. The light bulbs connect to a wireless network that with a smart phone app allows users to adjust the brightness, remotely control the lighting, and it even lets you change the color of the lighting. You can also use the app to set a timer so instead of using an alarm clock the lights will turn on when it’s time for you to wake up. Hue uses 80% less energy than standard light bulbs while providing a new, innovative lighting system.

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