IBM announced the VC advisory council and mentoring programs today. It was a good announcement and it got plenty of attention. A new term for me came out, BRIC which stands for Brazil, Russia, India, China.
We briefed a number of the analysts, so here are some of the comments.
There was a theme of emerging markets, some as a delivery model, some for cost reduction. The partner network is key in these countries as they are huge opportunities and no one company can cover it. Good thing IBM has a solid partnering program
Open is a big word. Both standards and software. Gluecode and PHP are big for IBM, but RUBY is something that VC’s are looking at.
The council gives quick connection for the VC’s to our executives. Cutting through the maze is a major task at any big company.
A big software company in the northwest is scaring their VC’s with uncertainty and fear of competing with them.
Here’s a link to the lead exec for this, who’s always a good read when checking out IBM and partnerning…