In a move very similar to our guest speaker from Thrillist, Google is spending millions of dollars investing in startups in the hopes that it will come across the next hot thing. Some are indicating that the current investments in the tech market are definite signs of an "overheated" industry. They say that $583M in venture funds have been spent on startups in the first three months of the year. Leading the pack in investments with Google are Facebook, Zynga and Amazon. With that much money and interest, it definitely seems like this is the time to get your idea out there if you have one!
Full article here:
http://www.nytimes.com/2011/07/20/technology/google-spending-millions-to-find-the-next-google.html?_r=1&scp=2&sq=google&st=cse
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