Technology Optimism

At the time of massive cutoffs, transition of positions to low-cost centers and the sour smell of pessimism in the air -- I feel the spirit of Technology Optimism.

During the good times, the finest people with the brilliant ideas are sucked into the big corporations, tempted by nice salaries and all other perks. In many cases what they do in such positions is to work hard on projects that are later being shutdown. Let's admit, the big corporations are good at raising the money and selling the product, but when it comes to innovation, best innovative trick is to find the right startup to acquire. And this goes also for great innovative companies like google (GoogleMaps, GoogleVoice and many more are based on external acquisitions, see Wikipedia - List of acquisitions by Google).

There is a great advantage in a crisis, being a tool in reforming the market back to an efficient structure. We need more innovation and much more efficient companies.

Many brilliant people who have been back into the market lately are fed up working for giant dinosaurs, and start working on their own new startups. It may be hard at this point to raise the initial capital, but these startups are thin and efficient. And in a year or two we will start seeing the results with new technology domains that we couldn't imagine before.