It’s 1999 All Over Again
Or was that 1899?
Stupid historical perspective. Always getting in the way of yet another gold rush.
CNN reports that an assortment of venture capitalists are ponying up a collective $100 million on some ideas that they’re sure will be winners.
Some examples:
The Ultimate iDrive: A driver’s tech fantasy fully realized: an in-dash computer with a keyboard built into the steering wheel and a full-screen heads-up display projected on the windshield.
What they’ll invest: $5 million for a deeply qualified 20-person team to deliver a prototype and a plan for pitching a commercial version to automakers within three years.
Or how about:
A design scheme for a community of affordable new homes, packed with luxury amenities and based on green values. This is yet another baby-boomer play, but AOL co-founder [Steve] Case and partner [Donn] Davis — who helped bring fractional ownership to the ultraluxury-home market with Exclusive Resorts — don’t think builders like KB Home and Pulte Homes have all the angles covered.
“Wellness” lifestyles are big draws among retiring boomers. But so is price, Davis says, as more and more people worry about shrinking retirement incomes. That’s why he’d like to see modest homes inside a community that offers an eclectic mix of perks — a spa, yoga classes, a community garden, room service, and so on.
Homeowners should be able to choose among full or fractional ownership and different levels of property management, perhaps even taking part in selling the community’s services to outsiders.
What they’ll invest: $5 million for the right plan.
Condos? With yoga studios? Hell, why not $10 million? I’ve never heard of such a thing.
But hey, who knows? Maybe the next pets.com is out there somewhere, too…






