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Yahoo, CNET, and Plaxo are old news, according to VC blogger Fred Wilson. He writes: "I suggest you ignore all of that and focus on what went on last night in San Jose at the annual Churchill Club Dinner," where venture capitalists Roger McNamee, Steve Jurvetson, Josh Kopelman and others predicted ten upcoming trends. VentureBeat took copious notes. We've trimmed them down to suit a VC's attention span:

  • Customer data stored by different service providers will be combined to create more intelligent services.
  • Oil will have increasing difficulty competing with biofuels made from cheap nonfood crops for transportation.
  • Water technology will replace abating global warming as a global priority.
  • The mobile device industry's migration to smart phones will produce great disruption for big industry players.
  • Booming market for healthy aging technologies.
  • Four-fifths of the world population will carry mobile Internet devices within five to 10 years.
  • Algorithms will be constructed to develop new industrial chemicals, new biofuels and eventually artificial intelligence.
  • The mobile phone is your most important device.
  • There is going to be a venture capital shakeout.
  • Within five years everything that matters to you will be available on a device that fits on your belt or in your purse

(Photo by jurvetson)