The Next Tech Titan? 10 Hottest Technology Start-Ups of 2010
Daily Finance, August 13, 2010
As the U.S. economy emerges from recession, a new crop of start-ups is blooming. From microblogging to location-based services to green auto technology, social gaming, genetic testing, e-commerce and digital music, a new generation of start-ups is poised to lead the technology world into the next decade.
It’s not surprising. Recessions breed innovation. The creative destruction wrought by economic downturns creates the conditions for new ideas to flourish and new firms to hatch. The slowdown of the early 1990s preceded the rapid growth of the first generation of iconic Internet companies—AOL (AOL), which owns and operates DailyFinance, Netscape, Yahoo (YHOO), Amazon (AMZN), eBay (EBAY) and Google (GOOG)—until the technology bubble laid waste to the industry, sparing only the hardiest firms.
