Every investor wants to bet on a winning horse. I mean what’s the point in losing money on purpose? But that’s the risk taken on a gamble. And the same can be said about investing in startups.
Over the past month I’ve been putting together pitch decks for my next startup, a free web-hosting company. This got me thinking about the hundreds of startup founders who have approached me and some of the things they did that really ticked me off. (I’ve invested in 16 different startups over the past four to five years.)
No matter what stage your startup is in, you’re probably going to need some investment dollars. So to save everyone a lot of time, here are 25 reasons I personally would not invest in a startup. Review and address these points for smoother sailing when trying to secure funding from an investor like me and others:
Related: Want Angel Investors? Here’s What You Need to Know Right Now. (Infographic)
1. Proof of your potential success is missing.
There’s no evidence that there’s interest in your startup or that it has some traction. Have you sold anything yet? Have you run a successful Kickstarter campaign? Have you launched a startup before? Passing those tests would prove to me that you have what it takes to get this startup off the ground.
Show me that your business is something worth my putting my hard-earned cash into and that this investment will work hard for me as your company starts to have success.
2. I don’t trust you.
I stalk every company that I personally invest in. I typically invest in people. You could walk into my office and pitch me one heck of a product. Yet I’m not sold on you as a person, so forget about my investing in your company.
If I can’t trust your character, judgment or leadership skills, then let’s not waste each other’s time.
3. You have an inexperienced team.
Members of your team seem to lack the experience needed to operate a startup.
Let’s say that I like you and your idea but not your team. Don’t expect an investment from me. I need to be sure that members of your team have the qualifications and discipline to complete tasks, meet deadlines and follow through on objectives.
4. Members of your team don’t work well together.
The co-founders or team members of your startup are constantly bickering. So I’m going to become uneasy about your startup. I don’t want to risk an investment in a setup if the colleagues can’t get along. Does everyone get along on your team?
5. You’re keeping things from me.
You’re keeping every piece of information from me. I’m not asking you to reveal every little secret regarding your startup. But if I’m investing in your company, I have to at least know the basics of what makes your startup tick.
Investors want to know everything about your startup. Don’t worry: I won’t steal your idea. I’m too busy.
6. You don’t have a business model or plan.
You have failed to tell me how and where you expect to take your startup in the next couple of years, though you indicated that there’s interest in your product, That’s why creating a business plan is such an important piece of the puzzle.
7. Evidence that the startup will earn money is scant.
There are no preorders or not many signups for your product or service. So I won’t be interested in your company. If you can’t prove that people are willing to pay for your service, then why should I, as an investor, give you money?
8. I don’t believe you can build your product.
A great idea is one thing. Making it a reality is another. You haven’t convinced me that your product can actually function. I personally need to see some sort of working prototype. I’d like to also see a few customers using your product.
9. Your company is not the first to enter the market or unique.
I typically don’t invest in startups that are not trying to create something new or that have not come up with a different business model. You must have something different or unique beyond what the competition has. Perhaps create a new idea from an old business model.
10. The founder or CEO is uncoachable.
You’re not willing to listen to advice or suggestions and become defensive when I criticize an element of your business. Thus I can’t work with you.
One time when several founders came to pitch me, I made one suggestion and they became offended. Some even went so far as to blog that I didn’t know anything. Their company is out of business now.
11. Your startup costs too much.
You may think your new company is worth $10 million. But I believe that it’s worth only one-tenth of that.
Figuring out the value of your startup can be a challenge. The value should be based on past accomplishments and the company’s potential. If I feel that a startup is being assessed at a value that’s too expensive, I’m going to look for another investment opportunity.
12. You handle rejection poorly.
You have come across like those entrepreneurs who gripe and moan about how unfair life is. Sure you’ll be rejected by investors. And that’s part of the process. But handle that rejection properly.
Identify what went wrong and make the proper adjustments. What happens after the pitch and rejection says a lot about an entrepreneur. Investors are watching, even after they’ve said no.
13. You cold-called me.
You sent your plan to every angel investor or venture capitalist for whom you could find contact information. Your request is just going to be tossed into the trash. Instead approach investors through referrals or recommendations from people they trust and who can vouch for you.
I only invest in startups when the founders are referred to me or they go above and beyond the call of duty to get my attention.
14. I’m not the right investor.
Your company is not operating in my area of expertise. Just like a doctor might have a specialty, so do investors. Do some research ahead of time and locate the investors who are involved in your field.
15. You don’t focus.
You’re trying to launch every single product idea that you have. Instead stay on track and focus on creating the best product that you can release.
You’re not going to please every customer. But you do have to please the right customers or the situation will come back to burn you – perhaps in an online mention.
16. You’re way too early for my money.
You wanted to develop an idea that could revolutionize your business niche. But your concept is too far out. I’m going to stay away until there’s been more research, your protect has traction with customers or other investors show interest. Investors typically want to stick with proven technology and industries.
17. Your company’s technology is already forgotten.
Honestly, in the past six months I’ve received pitches concerning VHS tapes. Business trends, especially in the technology, move extremely fast. Why should I risk my money supporting a startup that makes VHS tapes more efficient, even if in 2012 roughly 13 million blank cassettes and VHS tapes were sold in America?
18. You’re too slow to launch a product.
Your company is moving too slowly. Whether it’s because you lack confidence or are a perfectionist, the longer it takes to launch your product, the longer it takes for me to see a return. Remember, there’s nothing wrong with releasing a version 1.0 and making the appropriate adjustments at time goes on.
19. You lack a marketing strategy.
Your startup is poised to begin selling a product but lacks a plan for how to boost sales and gain a competitive advantage. I, along with thousands of other investors, can tear your startup apart in seconds. Have you set marketing goals? How will you promote your product? These are crucial marketing questions that need to be addressed before you come knocking on my door.
20. What problem were you trying to solve again?
When you founded your startup, you did it with the intention of solving a problem. But you, the entrepreneur, have shifted your focus from contemplating an idea to running an actual business, you have lost sight of the original problem. I need to confirm that you’re still addressing a problem that exists and your solution is feasible,
21. You don’t understand the industry.
As an entrepreneur, you don’t seem to be familiar with the business sector involved so I’m not interested in investing in your startup. If you had experience in a related area, that would at least inform me that you have some knowledge relevant to potential customers or an inkling about how to enhance the industry.
Break down the actual numbers that concern your particular niche of the industry and know them solid. If you don’t have those figures, I’ll assume the worst or even more awful, I’ll come up with my own calculations.
22. You don’t understand the word “lean.”
You’re spending money on things like branded hats, key chains or coffee mugs. Why would I want to invest your startup? An investment is supposed to go a long way toward getting a product ready for launch. That means not spending a ton of money on swag. A couple of T-shirts for promotional purposes is fine, but don’t go on a spending spree.
Also, don’t be paying yourself a big fat salary just because you’re the boss. A study by Compass indicated that 66 percent of Silicon Valley startup founders using its benchmarking tool gave themselves salaries lower than $75,000. The average around the world is $32,000 to $72,000, according to Compass. How much are you paying yourself?
23. You’re not concerned about tomorrow.
Your startup seems to be based only on a current trend. You can’t expect a startup to have longevity this way. I know that we can’t predict the future, but I want to invest in startups whose owners are thinking about the future, not just contemporary trends.
24. There aren’t any other investors.
I’m not finding evidence that others have invested in your business, even a couple of thousand dollars. Unless I’m a fervent believer in your startup, I need to see interest from other investors. The presence of other investments gives me an indication that someone else sees potential in your startup and that other people are support your vision. Having a couple of investors is good as they will help promote your business.
25. You’re oblivious.
Many of above issues apply to you and you haven’t realized it. That’s a serious problem. I can’t stand dealing with people who can’t see flaws and are clueless about trying to overcome them. Remember, no one is perfect. Accept your weaknesses and work on correcting them.
Let these reasons that I won’t invest in certain startups serve as tips for every startup founder to remember when pitching an investor.
There are many websites out there which can help entrepreneurs grow a bigger, better business–but there are millions more of time suck websites. How can you tell the difference between the two? By depending on a cheat sheet for the best websites for entrepreneurs.
The name says it all: This website is the result of David Skok’s years of experience at Matrix Partners. With an MBA to complement his background, Skok’s approach to startup techniques and financial modeling is user friendly, though strongly technical, rich in charts and equations.
One of the most reputable of crowdfunding sites, this is where you can raise a maximum of $5 million from investors with a proven background. If crowdfunding is part of your startup strategy, head to the site with a reputation in the field for making it easy.
You’re an entrepreneur, not an SEO guru, so leave the technical aspects of your online presence to the pros. Plus, check out the blog to get the latest updates in laymen’s terms on internet marketing, SEO, mobile readiness, and the like.
The go-to site for social entrepreneurs, you can glean information on how to succeed as a nonprofit and ways to incorporate social into any type of business. There’s an emphasis on ethically made goods, too.
This one’s a no-brainer for many. Some of the most reputable entrepreneurs and leaders in the tech industry come here to dole out information, making it among the best websites to get your questions answered.
Do you dream of finding an angel investor? A product of Venture Hacks, this is the platform for new companies to get equity from reliable investors; it also features templates to minimize attorney fees.
Even though this site is aimed at younger entrepreneurs, it’s brimming with resources no matter what your age. It’s a great tool for anyone new to the world of startups and has proved itself as a catalyst for building strong foundations.
This simple guide is straightforward with no fluff. There’s zero risk of wasting time here, and it reveres versatility, so it appeals to all kinds of entrepreneurs. If you want to get straight ito the heart of things, this is where you start.
Designed for female entrepreneurs, you’ll find plenty of downloadable resources here from a plethora of contracts to business plans. Even though it’s meant for women, there are plenty of resources for both genders.
This site is rich with advice and tips for just about everything an entrepreneur may need to know. From office etiquette to internet marketing, it’s a favorite daily stop for many small business owners-to-be.
Ev Williams, co-founder of Twitter, created Medium as a chic platform for blogging. However, there are also fitting reads focused on careers from successful entrepreneurs providing first-person perspectives.
Join an online community of female entrepreneurs who encourage and support each other virtually. There’s zero tolerance for flaming and trolling here, so you get just full support from peers and mentors.
Read the inspiring blog of someone who ditched the office life to become an entrepreneur. It’s easy to relate and always a better option to learn from the mistakes of others than to make them all yourself.
The startup site for younger professionals, it’s worth taking a look at the entrepreneurial section. The advice is straightforward, easy to digest, and designed for those ready to branch out on their own.
Technically, this is a news site for technical professionals but it’s a must for anyone who needs to keep up with the industry. Especially fruitful for coders, this is where you stay up to date on tech news that impacts entrepreneurs.
You might go to Reddit to distract yourself, but it’s actually an incredibly useful website if you can avoid the time-suck spots. Head over to the startup section to find truly helpful advice from those who have been there.
Everything you need to know about funding your startup can be found here. Plus, learn about the early days of startups, get notified of changes to your industry, and find out how cataloging rounds work.
Another obvious one, right? However, signing up for Entrepreneur’s notifications or getting the app can help you stay up to date on the latest strategies and news affecting entrepreneurs. It’s a must for founders.
Dubbed the techie Reddit site, Hacker News is where you’ll find all things entrepreneurial with a coding edge. It’s the product of Incubator Y Combinator and provides and insider’s view on the industry.
More and more entrepreneurs are managing their own websites, which means they need to stay on top of metrics. This site helps you go above and beyond Google Analytics, complete with a two-week free trial.
Head on over to the Small Business Hub at Microsoft.com and find phenomenal videos, newsletters, and other resources for small business owners. The information is useful, relevant, and designed to be easy to digest.
Don’t let the kitschy name veer you away from this reputable source for small business tips and tricks. It takes a user-friendly approach to dishing out advice, and it’s easy to soak up the truly good information.
The site that was built by entrepreneurs just for entrepreneurs showcases a series of interviews from startup founders who were once in your shoes. Learn from the best, and know you’re in great company.
Forleo is an entrepreneur who’s enjoyed immense success, but it’s her personality and character that make this blog a must-see. She’s optimistic, light, and bubbly, and she knows what she’s talking about. Many readers consider her a huge inspiration.
The Small Business Administration has been an invaluable resource for small business owners for years. There’s a chapter in every major city, but the site itself is chock full of the latest news and information for entrepreneurs, too.
Need to learn the basics of search engine optimization (SEO) in a jiffy? The leader in entrepreneurial traffic, Neil Patel, is at your service. Whether you’re an SEO newbie or a pro, there’s something Patel can teach you.
Web startups interested in monetizing can get started at this platform. It calls itself “curiously famous” and is renowned for helping entrepreneurs make passive income online. It sounds easy, but it’s an art and skill that you need to learn.
Even though this is a U.K. site, it’s applicable to startups on either side of the pond. Find the tools you need and the articles necessary to get your startup off the ground. It’s especially useful if you have dreams of going multinational.
Back in 2007, this site was the “unofficial” how-to guide for Facebook, but today it runs the gamut when it comes to covering websites. Want to stay up to date on the latest entrepreneurial news and website? This is your secret weapon.
The talks TED features are inspiring and revealing, and though the site isn’t “just” for entrepreneurs, there’s a strong community of founders there for a reason. Many of the featured talks are compliments of successful entrepreneurs.
With more than 18,000 entrepreneurs and CEOs on this site, this is the place to talk about investing and fundraising. Whether you’re a startup or your established business could just use a boost, don’t overlook this resource.
Better known as “The Art of Running a Small Business,” this Times blog is the ultimate tool for entrepreneurs and founders. The advice is current and easy to consume, and if you download the app, you have the latest information right at your fingertips.
A business blog designed to suit every industry, this is where you can get the support and encouragement necessary to keep moving forward. Enjoy the latest entrepreneurial news as well as features that highlight how some of the most successful of founders made it to the next level.
Are you a young entrepreneur with dreams of making it big before the big 3-0? If so, then this blog is for you, but you don’t necessarily still need to be a twentysomething to benefit from it. Advice for younger founders can be just as relevant no matter what your age.
A newsletter worth subscribing to? It’s true when it’s StartupDigest, which focuses on information for entrepreneurs without ever getting off course. If distraction is an issue for you, it won’t be with this offering.
The spirit of entrepreneurship is alive and well at this blog, where it’s all about encouraging personal growth. It’s something founders can put on the back burner, but it’s crucial to be a well-rounded CEO.
This is not specifically for entrepreneurs, but the commentary makes it a requisite for any business professional. You need to stay up to date on all news, not just entrepreneurial news, to cultivate partnerships.
When you run a business, it’s important to foster relationships with peers, colleagues, and partners, which is why keeping up with business news is crucial. Let Forbes make sure you’re up to speed on the latest topics.
The last thing a new entrepreneur wants to think about for a new startup is how it will end. Yet one of the first things a potential equity investor asks about is your exit strategy. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question:
Good investment paybacks normally require an exit event. Equity investments are not loans, so there is no loan payback period or interest payments. Equity is stock, but private company stock has no market value until the company goes public or is sold or merged with another company. These events may take three to five years at a minimum.
Startups with no exit planned will minimize investor returns. If the entrepreneur plans to grow the company into a family business, or keep it private, they will either never be interested in buying out investors, or will certainly not be motivated to provide the 10x return that investors are looking for. Investors hesitate to invest under these conditions.
Most entrepreneurs like the startup role, but not the big-company role. Investors know that the fun of a startup turns into managing production processes, sales processes, and personnel in a few years. You probably will do that job poorly, unless you plan your exit early, to move on to your next startup role, to do that better the next time.
Of course, if you are able to bootstrap your startup, and don’t anticipate the need for outside investors, you can technically ignore the first two points. Even still, in the context of all three points, I recommend that you evaluate the most common exit alternatives and considerations, and integrate the right one into your startup strategy and plan:
M&A – merger or acquisition by another company. This should be perceived as a win-win event, where your startup is bought or merged into a larger peer or competitor, allowing both you and investors to cash out. The resulting entity will gain complementary skills, economies of scale, new customer sets, and hopefully a larger growth opportunity.
IPO – public company initial public stock offering. According to recent National Venture Capital Association statistics, only 20% of venture-backed startups now use this alternative, due to high liability concerns, demanding shareholders, and high costs. Most experts don’t recommend this approach as your default strategy anymore.
Find a private equity firm or friendly individual. This alternative differs from an M&A, since the result is still your original single company. Yet it is an opportunity for you and your investors to cash out. The buyer has the challenge of scaling the business, and managing all the operational growth requirements. You can kick-off your next startup.
Position the company as a cash cow to fund spinoffs. If you can convince investors that your startup will generate a solid revenue stream, and the market won’t go away any time soon, they may see an opportunity for an ever larger return. You can maintain ownership, and even find someone you trust to run it for you, as you focus on spinoffs.
Liquidate the assets, cash out investors, and keep the rest. This is not a recommended strategy, since business shutdowns are usually seen as distressed situations, meaning the value of hard assets will be highly discounted. Less tangible assets like the brand name, business relationships, and even your reputation may be lost or damaged.
No exit. If your startup strategy is to be a lifestyle company, or a family business that will grow organically and never go public, then no-exit is a valid exit strategy. This alternative is often paired with a personal no-exit strategy. If you expect investors to help your startup scale, it probably won’t happen, as discussed in the first points of this article.
While exit discussions may somehow seem negative, an exit strategy should always be seen as positive. It’s a plan to develop the best opportunity for you, your startup, and your investors, and capitalize on it, rather than a plan to get out of a bad situation. Think of it as a succession plan, to keep you and what you have started growing. It may be the end of your startup phase, but it should be the beginning of a more mature and stable business.
One of the biggest threats to companies dependent on online advertising - although one rarely discussed - is ad filters or ad blockers. The latest data shows that 144 million people worldwide now use these applications installed on their toolbars to prevent advertisements from appearing on the websites they use. Between June 2013 and the same month this year, there has been a 70 percent increase in their use. I wrote about this a few months ago, but the availability of new information prompts me to do so again.
It’s not easy to find hard facts about the extent of ad-blocking: most online publications don’t talk about it, hoping that by keeping quiet, fewer of us will learn about it. But what the figures show is that in some countries, up to a quarter of the online population, reaching 40 percent among the 18 to 29 segment. In Spain, the figure is 14 percent, but growing fast. For a company like Google, ad-blocking presents it with a paradox: the vast majority of its revenue comes from advertising, but it has been the growing take up of its navigator, Chrome, which seems to have the clearest correlation with the widespread use of ad-blockers.
PageFair and Adobe’s report finally provides some figures for a phenomenon that is being kept quiet to stop it spreading further, and the figures are anything but good. At the same time, there are few options, the two most popular platforms, AdBlock Plus and AdBlockare based on open code software, which means that even if they were forbidden or blocked from toolbars, they could still easily be installed. This is a tide that is not going to be stopped by legislation. For the moment, only Adblock Plus is working on the basis of “good” advertisers and “bad” ones. It talks to companies and if they agree to use non-intrusive formats, it puts them on a white list, although the user still retains the right to block them.
Denying content to users who have installed an ad-blocker doesn’t seem to be working too well either, making such sites hugely impopular, as well as sparking an arms race with the companies that create ad-blockers. The only real answer in the long term is self-regulation and the development of culture that respects the user.
Adblockers are still relatively rare on smartphones, because it requires installing Firefox or a non-authorized app. But their use is surely only a matter of time. There are companies working on them, and there is the additional incentive for users of freeing up bandwidth, access time, and battery and screen life.
After ignoring the problem for years, ad-blocking has become a very large elephant in the room, a phenomenon no longer the preserve of the technologically advanced. We have reached the point where the only publications with a future will be those that remove intrusive advertising, ignoring the dictates of brands and agencies, and reaching a deal with users to put them on a white list. Let’s not repeat the Napster experience and set off on a race that nobody is going to win.
What is Minecraft, and why is Microsoft getting ready to pay as much as $2.5 billion for it?
The first answer is easy: Minecraft is a wildly popular computer game – think virtual Legos – that generates real money – both revenue and profits – for its owner, Stockholm-based developer Mojang AB.
The second part is a little harder to answer, since up until now Microsoft has not been in the business of buying big gaming companies, profitable or not.
And since we’re asking questions, we might as well wonder why other potential acquirers – both traditional gaming companies like Electronic Arts and Activision, as well as big Web players with logical ties to Minecraft, like Google/YouTube and Amazon – didn’t end up with the company.
For now, here’s what we do know: The acquisition, first reported by the Wall Street Journal, appears to be in its final stages. A person familiar with the negotiations says Microsoft could end up paying up to $2.5 billion, including earnouts and other bonuses, for Mojang.
That sum will get Microsoft a very small company – Mojang has a mere 28 employees – but a very profitable one. Last year the company reported profits of $126 million in 2013 on revenue of $289 million; 42 percent of that goes to Notch Enterprises, created by Minecraft inventor Markus “Notch” Persson. Microsoft’s purchase price – if the deal goes through – would be close to 20 times profit.
Mojang makes most of that money with a very simple business model: It sells lots of software for a modest one-time fee. Minecraft players generally pay around $20 to play on consoles like Microsoft’s Xbox and PC, and $7 on mobile. Mojang has sold more than 50 million copies in the past five years, the company reported in June.
Minecraft invites players to explore and build in a Lego-like world of blocks that can be endlessly destroyed, combined and crafted. Players can roam solo or play together online or, in some versions of the game, on the same screen. The openness of the game and itsplethora of hidden secrets have made it a huge hit on online video channels like Twitch, which Amazon is about to acquire, and Google’s YouTube.
The acquisition will give Microsoft a game with hugelypassionateplayers and sustained popularity on its Xbox, which has lately fallen behind Sony’s PlayStation 4.
Most importantly, it means Microsoft now makes games for not just its own devices, but also Sony’s, as well as iOS and Android machines. In Apple’s app Store, Minecraft is one of the few high-charting paid titles in a sea of free-to-play games.
While Microsoft has kept Halo, its hit game for the Xbox, exclusive to that platform, it’s hard to imagine the company shutting down Minecraft on rival platforms. But it is possible to imagine them turning Xbox versions of the game into the “best” versions, perhaps by offering special features there exclusively.
The popularity of PC Minecraft, which Mojang develops in-house along with the mobile version, could also buttress Microsoft’s “renewed focus” on PC gaming, a strategy Xbox head Phil Spencer talked about at this year’s Game Developer’s Conference. Microsoft’s “computing and gaming hardware” business, dominated by Xbox and Xbox software sales, generated $9.6 billion in the 12 months that ended in July.
Persson, who handed leadership of Minecraft over to Mojang colleague Jens Bergensten in 2011, has nevertheless remained an active presence in the online Minecraft community, especially on his candid Twitter account. In the past, he has picked fights with many large tech companies, including Microsoft
Rocket Internet, the European incubator-cum-global-super-cloner, has confirmed rumors that it will list on the Frankfurt Stock Exchange before the end of the year. The Berlin-based company plans to raise €750 million, around $970 million, by offering primary-only capital – that means no existing shareholders will cash out.
The company – which says it wants to become “the largest Internet platform outside of the United States and China” – has been busy on the investment front in recent weeks. Over the past month it sold a 10 percent stake to PLTD, and a 10.7 percent share to United Internet, while long-time investor Holtzbrinck swapped its investment in seven Rocket Internet startups for a 2.5 percent share in the main company.
Just last week, it merged five of its international e-commerce businesses under one roof, offering further proof of its IPO ambition. Rocket Internet’s most recent investment deal valued the company at around $4.5 billion.
The crowdfunding landscape has gotten pretty well, crowded. There are dozens of platforms to choose from. Which one suits your project best? The folks at wrike have listed 26 popular crowdfunding sites by project type and collected crucial details from the fine print to help your decide.
Machine learning, computational biology, bioinformatics, nanotechnology and the Internet of things are on IEEE’s list of top technologies for 2022.
Curious about what the technology landscape will look like in 2022? The Institute of Electrical and Electronics Engineers (IEEE), which represents more than 400,000 engineers, has come up with a report that looks to the future and predicts what the hot technologies of 2022 will be.
Indeed, nine technologists led by IEEE Computer Society President Dejan Milojicic spent a large part of this year pondering this question. The results can be found in the IEEE CS 2022 Report, which looks at 23 future technologies that could change the world by 2022. The report can be found here.
“These technologies, tied into what we call seamless intelligence, present a view of the future,” said IEEE’s Milojicic, in a statement. “Technology is the enabler. What humanity takes out of it really depends on human society.”
The following contributed to sections of the report: Mohammed AlQuraishi, Harvard Medical School; Angela Burgess, IEEE Computer Society; David Forsyth, Cornell University; Hiroyasu Iwata, Waseda University; Rick McGeer, Communications and Design Group, SAP America; and John Walz, retired from Lucent/AT&T.
IEEE said the intent of the report is to predict the future disruptive technologies, aid researchers in understanding the future impact of various technologies and help laymen understand where technology is evolving.
Some of the predictions include that multicore will allow users to recharge their smartphones only once a month. The Internet of things will enable people to dress in clothes that monitor all their activities. Nanotechnology will enable lives to be saved by digestible cameras and machines made from particles 50,000 times as small as a human hair. And with the exponential growth of big data there will be increasing concerns about balancing convenience and privacy.
The report also recognizes the importance of quantum computing and indicates that universal memory replacements for DRAM will cause a tectonic shift in architectures and software. In addition, 3D printing will create a revolution in fabrication, with many opportunities to produce designs that would have been prohibitively expensive, the study showed.
According to the report, machine learning will play an increasingly important role in the lives of people-whether it is ranking search results, recommending products or building better models of the environment. And medical robotics will lead to new lifesaving innovations, from autonomous delivery of hospital supplies to telemedicine and advanced prostheses.
Meanwhile, with energy consumption increasing along with the world’s population, electric cars, LEDs, smart grids, smart cities, dark silicon, new battery technology, and new ways of cooling data centers are some areas where advances in sustainability are expected. Silicon photonics will address bandwidth, latency and energy challenges, and developments at all levels of the network stack will continue to drive research and the Internet economy, the report said. And in the area of software-defined networks, OpenFlow and SDN will make networks more secure, transparent, flexible and functional.
The Open Intellectual Property movement, according to the report, will influence everything from academic publishing and educational models to software, standards, and programming languages. Massively Online Open Courses (MOOCs) also threaten to change the role of faculty, students, and teaching assistants as more institutions embrace the new learning platforms.
The 2022 Report covers security, cross-cutting issues, open intellectual property movement, sustainability, massively online open courses, quantum computing, device and nanotechnology, 3D integrated circuits, multicore, photonics, universal memory, networking and interconnectivity, software-defined networks, high-performance computing, cloud computing, the Internet of things, natural user interfaces, 3D printing, big data and analytics, machine learning and intelligent systems, computer vision and pattern recognition, life sciences, computational biology and bioinformatics, and robotics for medical care.
The report’s authors include Hasan Alkhatib of SSN Services LLC; Paolo Faraboschi of HP Labs, Spain; Eita Frachtenberg of Facebook; Hironori Kasahara of Waseda University; Danny Lange of Microsoft; Phil Laplante of Pennsylvania State University; Arif Merchant of Google; Dejan Milojicic of HP Labs, Palo Alto, and Karsten Schwan of Georgia Tech. – See more at: http://www.eweek.com/innovation/ieee-predicts-top-technologies-for-2022.html#sthash.Wih6LRHA.dpuf