A standing joke in Silicon Valley is that the smartest people go into online advertising, virtual currency, or dumb online games. And you surely have to wonder what has gone wrong when the industry’s heavy hitters and venture capitalists provide $1.5 million to seed a useless app such as Yo.
Fortunately, there are many tech start-ups that are solving real problems ”” and many entrepreneurs who care. The venture capital community is also beginning to see the light. Witness the recent decision of Google Ventures to back away from consumer Internet start-ups and focus more on health care and life-sciences companies, and Y Combinator, the most powerful start-up accelerator in the world, backing seven nonprofits in its latest class.
There is surely hope for tech. Here are seven companies that stand out….
Read it all.
(Washington Post) Vivek Wadhwa–7 admirable start-ups that are driving social change
A standing joke in Silicon Valley is that the smartest people go into online advertising, virtual currency, or dumb online games. And you surely have to wonder what has gone wrong when the industry’s heavy hitters and venture capitalists provide $1.5 million to seed a useless app such as Yo.
Fortunately, there are many tech start-ups that are solving real problems ”” and many entrepreneurs who care. The venture capital community is also beginning to see the light. Witness the recent decision of Google Ventures to back away from consumer Internet start-ups and focus more on health care and life-sciences companies, and Y Combinator, the most powerful start-up accelerator in the world, backing seven nonprofits in its latest class.
There is surely hope for tech. Here are seven companies that stand out….
Read it all.