Several prominent venture capitalists gathered in San Jose tonight to share their predictions for the future at a dinner sponsored by the Churchill Club, a local civic group. The predictions were all over the map -- and all intriguing. Some of the most interesting thoughts:
Steve Jurveston, Draper Fisher Jurvetson: Baby boomers will be huge consumers of online information, and they may produce it too. Tech companies may farm out work to busy, telecommuting boomers who aren't ready to retire.
Vinod Khosla, Khosla Ventures: Within two years, cellphones will come with built-in projectors that project data onto a wall or piece of paper. All cellphone data will be stored on a behind-the-scenes computer networks. When you lose your phone, you can go to any store, buy a new one, and instantly retrieve all your information.
Josh Kopelman, First Round Capital: The venture capital market will undergo a shake-out. Expectations for incredible returns are too high. VCs will be forced to re-think their model of making most of their money on a few huge IPOs.
Roger McNamee, Elevation Partners: The shift to smart cellphones will be hugely important, and will clobber cellphone makers who aren't prepared for it. Nokia, Apple, Blackberry-maker Research In Motion, and Palm will be fine. (McNamee is a Palm investor.) Motorola, Samsung, LG, Sony Ericsson could be hit hard.
Joe Schoendorf, Accel Partners: The lack of clean, reliable water sources worldwide is a bigger problem than global warming. The world needs an "Al Gore of water" to raise awareness of the problem.
Looking for something else to ponder? Khosla recommends this book.
By Michelle Kessler
Photo: Khosla (Chip Somodevilla/Getty Images)