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As Analysts Look Back on 2010, a Year of Innovation is Seen

Published on Dec 31, 2010

Summary

Read our article, 'As Analysts Look Back on 2010, a Year of Innovation is Seen' at 'Time to Start Up,' the small business blog by BizFilings.
Looking back on 2010 shows a year rife with technological innovations - the Apple iPad, the rise of Groupon, the Android Phone and new mobile devices such as near-field communications - as well as indications that the economy may begin to grow in strength in 2011. For one, 2010's holiday shopping season was a tremendous success over previous years, breaking records and suggesting vast improvements in consumer confidence, while a number of key small business confidence indexes foreshadow growth in that sector as well. There has also been the emergence of the New York City startup scene - a highly tech-focused market that has even come to rival Silicon Valley, with bigwigs such as Google and Facebook swooping into to pick up real estate and talent. Still, California will remain a tough contender when it comes to tech and entrepreneurship and LLC formation, as John Babcock, founder of venture capital firm Rustic Canyon Partners, told SoCalTech.com. "I think the top influencers of 2011 are secretly working on the next great applications of the internet that will drive disruptive new business models," he said. "We've seen a lot of innovation come out of Los Angeles in the past few years, with Demand Media, Socialvibe, Zag, ShoeDazzle, Factual and many others. Pay attention to what Los Angeles entrepreneurs are doing, it's going to be an interesting 2011."