Ephraim Shwartz of Infoworld has a great piece on offshoring and implications for IT shops in the US. I couldn’t agree with him more that while there are cost benefits there are also other factors to consider when moving development offsite. In the end, it will require IT shops and professionals to redefine their roles. [...]
Chuck Prince, CEO of Citigroup
Nov 16, 2003
in Economy, Globalization
I was at the TIE Tri-State annual event in New York yesterday and participated on a venture capital panel helping young companies refine their pitches and business strategies. There were some interesting software and BPO (Business Process Outsourcing)companies that presented. On the BPO side, it was quite fascinating to hear about the types of services [...]
Thoughts on Offshore Outsourcing
Nov 10, 2003
in Globalization
A number of my portfolio companies outsource development to India and other locales. When offshoring it is important to think about what can and cannot be offshored, whether management can handle it, and whether or not you open your own office with your own infrastructure or outsource completely. Given that an increasing number of companies [...]
NYC Entrepreneurs and Offshore Resources
Oct 21, 2003
in Entrepreneurship, Globalization
Having met with a number of NYC entrepreneurs recently, I am refreshed to see that many of them are utilizing offshore resources to develop their products. Yes, this is not a new phenomenon, but in a city that lacks hard core developers willing to work for options instead of cash like the Wall Streeters, it [...]
Ed Sim is founder of BOLDstart Ventures and co-founder of Dawntreader Ventures. Mr. Sim has over 15 years of venture capital experience having led seed and first round investments in a number of high profile Internet and software companies.
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