[TriLUG] OT - tech jobs on the rise in RTP?

[Mike M]

On Tue, Mar 09, 2004 at 04:18:40PM -0500, Jon Carnes wrote:
> 
> Yes Capitalism works, as long as folks are willing to spend money and
> take risks and grow new business.  If the rich sit on their wallets and
> just collect that money without putting it back into play then everyone
> suffers.  

If they do put it into play it might go like this account of a
venture capital meeting called the Supper Club in Mexico recently:

- One of the companies presenting a deal to SC members had developed an
  innovative software package. Their proposed platform would be able to
  introduce Congress' newly approved Health Savings Accounts (HSAs) into
  the network of health insurance options already out there. Their
  company would lose money in their first and second years, they said;
  but they would make roughly $20 million in gross revenue by the end of
  the fifth year.

- Whether the financial projections were realistic or not was the
  subject of much debate among the members, as you might expect. But
  watch how their plan unfolds.

- The company employs six people. Three were present at the
  meeting...the CEO, CFO and VP of Marketing. The first two were
  straight out financial guys, quite fluent in the language of
  venture capital. The third was a specialist in all things
  human-resource related (We sat next to her at dinner, so we know.
  If we never hear another word about "consumer-directed health
  care", we will shed no tears.)

- The key IT guy, who developed the software they plan to market,
  stayed back at their home office. Two other employees do the
  grunt work. Six in all. But in their financial plan - even as
  the company plans to grow to $21 million - they don't plan to
  hire a single employee. They already outsource any kind of
  programming support they need to a firm in India...and customer
  service is next. In other words, the company will presumably add
  $20-$35 million to GDP over the next 3-5 years, but they will
  not create a single job.

(taken from www.dailyreckoning.com)

I am a member of CED and they promote outsourcing as "the" way
for entrpreneurs to get ahead.

I think Econ 101 is due for a rewrite now that globalization is
here to stay.
-- 
Mike