The industry has been speculating for years that the next tech boom will come and the indications are becoming clear that it is on the horizon.
Technology has been making a revolution with companies like YouTube and MySpace making the web more interactive. The internet has also become a place for companies to do business. Not just to reach new customers or bring their product to market but with hosted applications making waves, companies can now DO business with nothing more than an internet connection and a computer. Lets welcome the remote workforce for small to mid size companies.
Once a perk of top companies that could afford complicated solutions to accommodate a dispersed workforce, the latest group of on demand solutions are more affordable and easier to implement and use. Great benefits to companies with a limited IT staff that need flexibility. I am glad to see that NetSuite was listed as #3 on the Business 2.0 article.
(Business 2.0 Magazine) — For the first six years of the century, the dream of building a technology company and taking it public was out of reach for all but a few lucky entrepreneurs.
Take Zach Nelson, CEO of NetSuite, an on-demand business software company backed by Larry Ellison. “Everyone wants to be bought by Google for $1 billion, but counting on that happening is not how to build a big company,” Nelson says. “The way you get a big hit is to do an IPO. The appetite is there on the shareholder side to invest in new companies, and it’s certainly there on the entrepreneur and the VC side to get back into the IPO mode.”