Redpoint is focused now on broadband as an enabling technology. To adequately support early-stage companies, Tom said they will only do three to five investments per year per partner. They don't even tell anyone they've been funded. The first anyone hears of them is when their site is ready. And it takes a large amount of money.
Infrastructure is an enormous opportunity.
We're only in the second or third inning of converting the telcom system. Voice is just another service in the broadband 'Net. It's now a 'virtuous cycle', with infrastructure advances feeding more and more opportunities in other areas. Tony then asked. But there's still a lot of art and instinct to it.