Dawn of New Technological Era
Headquartered in Menlo Park, California, Draper Fisher Jurvetson (DFJ) is a venture capital firm with a focus in enterprise, software, mobile, cleantech, energy and health care industries. Founded in 1985, the company has over $7 billion funds.
For every VC firm it is very important to understand, learn and to adopt new trends and technologies which are taking birth at an unprecedented speed. Digital health, big data/Predictive Analytics and the connected world are the three fundamental segments of our modern era for anyone who is in the investment business. Everything is moving with a great speed with the enhancement in technology therefore it is important for everyone to keep our speed in sync with it. With the constant technological innovations, today almost everything is made possible with the use of a single, handy smart phone.
Digital Healthcare is an upcoming discipline that involves the use of information and communication technologies to help address the health problems and challenges faced by patients. These technologies include both hardware and software solutions and services. This technology will enable a person to get real time information of his health, second opinion from different doctors, will reduce inefficiencies in healthcare delivery, reduce costs, increase quality, cheaper DNA analysis and will make medicines more personalized and precise thereby giving a curate healthcare solution. If we want to develop an ideal digital health care, one need to implement various communication modes as all the idea behind the upbringing of digital healthcare is to enable users to communicate 1-1 with any source of their choice.
There should be a robust communication link between a consumer and enterprise. Everything in this world is now more efficiently connected with each other via low cost devices such as Bluetooth, wifi, wireless sensor network and many more working on overplus of protocols giving rise to truly an open and connected world, not only with respect to people, but with home appliances, automobiles, other infrastructures and beyond. As the communication platform is becoming more agile, it is important to keep the communication setup more secure and robust. Entrepreneurs indeed have to think globally to fulfill all this needed requirements as they are holding huge responsibilities in hand to make the world not only more open or connected but more safe and pure too. Companies like Attero and Dlight Design in the DFJ portfolio are prime examples of this approach.
The Three Cs of the New Tech Economy
Communication, content and community are the three Cs of the new tech economy which are resulting in key sectors where real innovations are taking place. Communication and content segment has become very robust with the advancement in technology and their low prices. Anyone can get any desired information at anytime on go. Dawn of the era is not that far where everyone will be able to access the right data from right expert at right time. A lot will have to be done not only at the analytics layer trying to turn incredible amount of data into useful information, but also provide a layer of security and authentication.
Technology is reforming with a great pace today. It is important for entrepreneurs to think more global and big as the window of unique innovation is shrinking. Some will have to learn how to establish their roots more deep in this congested market, and some has already inspired many by setting examples. Whatsapp and Tango are examples of the tech tsunami that were created in very short time and still their impact on the world is enormous. World has never seen creation of so many multi-billion dollar companies in such short time. It is as challenging as exciting it sounds. There are so many opportunities yet to be explored which can impact millions of lives. (As told to Arun Kant)