Where would you invest a million dollars?

Fri May 22, 2009 10:21pm BST
 
Email | Print | | Single Page
[-] Text [+]

By Tiffany Wu

NEW YORK (Reuters) - If we gave you a million dollars today, where would you invest it?

That was the question posed to executives at the Reuters Global Technology Summit this week -- with the caveat that they couldn't pick their own company, of course.

It's not an easy answer in these uncertain economic times, when even the most bullish of executives are willing to bet only that the worse might be over but not when the recovery might gain more traction.

Most executives stuck to their areas of expertise, be it the Internet, software or consumer electronics.

"If you want the quick answer, I would invest it in Twitter," said Tim Draper, managing director of venture capital firm Draper Fisher Jurvetson. "I'm sorry that we weren't in it. I don't know where it's going and it would be a fun ride."

Biz Stone, co-founder of the fast-growing microblogging site Twitter, said he would invest in some of his friends' start-ups, such as travel website Trazzler.

"I would love to work more with some of these interesting start-ups like kiva.org that are developing interesting and innovative ways to create micro-lending programs for folks around the world," he added.

When asked if there were any public companies he would pick, Stone said, "I'm not a real big stock guy. Maybe a little Apple (AAPL.O), a little Google (GOOG.O) -- companies I use every single day, so why not invest in them?"  Continued...

 
Photo

Most Popular General News on Reuters UK

  • Articles
  • Videos