IMMI - The best business case for Data Centers in Iceland

[Original Post written@http://startupiceland.wordpress.com]

Many of you know that I don't understand the business case for Data Centers in Iceland. I have written about why Data Centers will not work in Iceland here and here. I was wrong! IMMI or the International Modern Media Initiative is by far the best business case for Data Centers in Iceland. I knew about the initiative but I was not aware of the status of the resolutions that was passed in the Icelandic Parliament. I believe this is one of those rare moments in history where a nation is at a cross road and it chooses to lead the world... Iceland has that opportunity! I am strongly in support of this initiative. I am not political but I believe this initiative is as important as the laws on Human Rights. Freedom of the Internet and information on the Internet has been threatened many times through SOPA, PIPA and ACTA... I am positive there will be future attempts. I believe that Internet Service Providers are similar to those who pave the road, the road should not be shut down just because someone decided to drive at 300 miles/hr and killed someone. That has been the approach so far of every Government in the world. I believe Governments need to provide the proper legal framework to operate in, the Internet is a new paradigm where physical borders don't apply and trying to legislate it just like in the physical world just does not work. We need laws that understands and accommodates how the Internet works. Everyone of us have a role to play in this. The coordinated effort that was demonstrated to protest against SOPA and PIPA is needed to ensure the right kind of laws are passed that protect the freedom of information for the Global Citizen on the Internet.

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This time it is different

Image by GDS Infographics via Flickr

For those of us who lost money during the dot com bubble it is painful to jump back into the world of technology, internet business and software. This time it is different, no I am not talking about the book written by Carmen Reinhart and Kenneth Rogoff, although that is a great book and I recommend that everyone reads it. I mean the business of internet has changed dramatically in less than a decade. There has been no point in time where someone sitting in a remote part of the world connected to the internet could create something of value and have the option to distribute, market and sell to over a billion people with a click of a button. The tools, market and infrastructure to do the above has been built, it is being used and many potential customers are waiting to buy the next shiny app through iTunes or Android App Store or through Amazon or any of the online stores. I have been a student and victim of the financial crisis and I am wary of the perils of a financial funding bubble but I have never been more optimistic about the chances of startups that are disrupting traditional businesses using this fantastic infrastructure to actually succeed in this new world. Valuations are another discussion and how they are fueled is well documented.

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