Indexed Forever provides a view from some VCs:
Last night I attended the Churchill Clubs Venture Capital: Whats Hot? Whats Not? On the panel were Jim Breyer of Accel Partners, Bill Gurley of Benchmark Capital,
Joe Lacob of Kleiner Perkins Caufield & Byers and moderating the panel was yet another venture capitalist, Geoffrey Yang of Redpoint Ventures.
After a superb comedic introduction by Yang, the panel settled into mostly violent agreement on the topics.
Hot Digital Home, particularly component plays. Software with Open Source components or delivered as a managed service. Later stage deals in China.
Not Packaged Enterprise Software. Storage. Semiconductors. Nanotech (for decade).
Breyer restated his belief in content deals and peer-to-peer networks as he said at last years event. Oddly he suggested that distribution through retailers and PC OEMs was promising its 1994 all over.
Gurley pushed his belief in the future of multiplayer gaming, mobile devices and security.
Yang closed with a few thoughts. We are entering a bubble in internet media companies that have search or local in their business plans. We are entering a bubble in investing in China.