Rod Drury. Photo / Mark Mitchell
Wall St may be disappointed with market appetite for tech firms but New Zealand commentators say there is life in Silicon Valley beyond them.
John Holt, a director at the Kiwi Landing Pad in San Francisco, said there was "incongruity" between the valuations of some companies and their earnings but
this appeared to be focused around the social media space.
"I tend to disagree with the [idea] that if Facebook doesn't make it or isn't hugely successful everyone else falls over... investors are getting a feel of whether something has commercial legs," he said.
While a bubble may be emerging around consumer technology, analyst and commentator Ben Kepes said there were huge opportunities for start-ups targeting the business or enterprise market.
"We're seeing a real polarisation between consumer and enterprise tech. I'm really bullish about upcoming IPOs for companies like [online-software developer] Box, where there's absolutely a substance and they're making revenues," Kepes said.
