At the Dow Jones PEA Conference a couple weeks ago, Jim Breyer gave an interview in which he questioned the short-term optimism that has swept up many observers of the current economic recovery. But Jim also noted that, over the longer term, pent up demand will lead to a surge in IT infrastructure spending, as corporate IT budgets loosen again. Jim felt that this surge, starting perhaps as soon as next year, will be particularly good for those mid-stage venture-backed companies positioned to take advantage of it.
My sense of what’s happening with our own portfolio companies suggests a similar perspective. (more…)
