Recently Business 2.0 print and web edition carried a cover article about 11 Venture Capitalists who are ready with Business Ideas and Capital to finance those ideas. Many bloggers including yours truly, mentioned this story on their respective blogs. I wonder if anyone noticed the long term vision of these venture capitalists. Although technology dominated all eleven ideas, there are two ideas especially geared towards seniors and aging Baby Boomer population.
Home Patient Monitoring ($8 million) and Subscription PCs for seniors ($5 million) are those two ideas which are well thought and entrepreneurs stand to gain a lot with ever increasing population of seniors and baby boomers.
Social Networks meet the town crier ($3 million) seems relatively easy idea to implement. With applications like “cheapest gas in your area” sprouting, practically in all areas based on Google Maps API , a zip-code based craigslist is not far behind. All you need are users entering garage sales listings with dates, keywords and zipcode. Listings may automatically expire once the date has passed.
Other venture capitalists are betting on souped up PDA phones and cell phones based on ideas. Smarter Smartphone ($3 million) and Mobile ID for Credit Card Purchases ($5 million). In near future, I see only ringtones and mp3s being sold from phones. It will take some time for this technology to mature, before major purchases can be done using cell phones.
Nevertheless, it is a great opportunity for entrepreneurs, so if you are an entrepreneur, go ahead and create your business plan and submit it to these enterprising Venture capitalists.
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