Scoble posted today about the “Silicon Valley VC Disease”, which can best be summarized as only investing in companies that are addressing markets that are big today and have a good chance at earning revenue over the next couple of years. I don’t hang out with VCs enough to know whether Scoble is right, but what interested me about the post was that he was using investing in iPhone applications as an example of what they generally aren’t investing in because the market is still so small.

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