By Dan Denning – Southbank Private Briefing (Great Britain) –
Technology can’t save the world and it can’t destroy it.
Tech is just a tool. It’s how we humans use it that will determine what kind of world we live in.
That’s a bit philosophical to start this week’s The Southbank Private Briefing.
But I’m feeling nostalgic. I’m writing to you from Raleigh, North Carolina. The area is a big hub for technology research, innovation and venture capital.
I worked here, briefly, as a marketing director for a software company in the late 1990s.
Lured by the promise of stock options and an IPO or acquisition from a big player (Microsoft), I learned the hard way that not all tech dreams come true. But some do.
And the investment case is clear: tech stocks are leveraged to “positive surprises.”
You can’t value something that hasn’t happened, like a breakthrough technology or lifechanging invention.
A business goes from potential to massive profit overnight. That’s what seduces investors and speculators about the opportunity in tech.