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	Phil's Blogservations Thursday, July 30, 2009 Posted by philgomes 3:19 PM VCs, Wake Up From peHUB about video processor startup Novafora folding yesterday: "'VC appetite has really dried up for later-stage semiconductor companies,' says a former Novafora executive, reached at his home this morning. 'They all want to do social networking and things like that.'" Sure, you want to go where the money is and where a quick exit can be had, but isn't that how you got into that whole mess in 2001? NB: If we don't invest in keeping pace with Moore's Treadmill, the next-generation social network, entertainment device, toaster, or garage door opener simply won't happen. As I told a colleague some years ago: "Dot-coms make headlines. Well and good. But science makes history." Technorati Tags: vc, pe, investing, semiconductors, transmeta, novafora HOME | OBSESSIONS | FAQ | HEROES | CAREER | BLOG | CONTACT Note that the views expressed on this site do not necessarily reflect those of Phil's employer, its business partners, its clients, or anyone or anything that doesn't come from Phil.	ABOUT THIS BLOG This blog not only discusses PR and media matters, but Phil's everyday observations about a variety of topics. EMAIL phil[at] philgomes[[dot}]com SYNDICATE Feedburner ARCHIVE YAHOO! IM SKYPE WISH LIST PITCH POLICY MY PHOTOS www.flickr.com Photostream RSS Enter your Email Powered by FeedBlitz COMMENT AND TRACKBACK POLICY Comments and trackbacks are unmoderated, though I will delete the patently offensive ones. Any comments and trackbacks are the opinions of the individual writer of those comments and trackbacks, and not those of Phil Gomes, his employer, its clients, or its business partners. If you have a bone to pick, bug the people who wrote the comment or trackback.