Recently, I spoke at the Second International Venture Capital in Emerging Markets Conference, alongside people like Tim Draper. The point of my talk was to discuss how investment theses - especially in media and technology - should change, in response to the economic crisis.
In a world where capitalism is changing, the business models and value chains most investors know are fast being devalued. Investing, for example, in better ad-serving is unlikely to yield significant returns - because a better kind of economy demands a more productive kind of advertising.
It was a great conference, with a good mix of investors, entrepreneurs, and observers, held at a very nice location on the banks of the Bosphorus. Thanks to the Golden Horn Ventures team for having me - I will post video files when they are up.
