Photo Credit: 3D Systems

• As the dust settles around 3D Systems, investors need to understand what will be the new company direction.
• The first quarterly conference call featuring Vyomesh Joshi provided good clues about the strategic vision for the company.
• The first impressions point to a shift in focus from tech to business model fine-tuning.
• However, the current cash levels will be a constraint for the new management team.

Investing in tech companies can be a lot of fun and can also be significantly rewarding. Daily, the wonderful tech produced around the globe awes you. Especially, now that specialized blogs can get real time information about the most secretive products in development. Investing in tech has been kind of democratized. Nascent companies are often better known than some well-established traditional organizations.

Additionally, Silicon Valley has entered a new phase where entrepreneurs do not only look for creating entire new industries. They are reinventing old business models by applying new concepts and technology to old formulas. Uber (Private:UBER) and Airbnb (Private:AIRB) are great examples of new opportunities arising in old industries.

However, investing in tech doesn’t come without some shortcomings. One of the biggest problems for investors is the occasional overhype around a company (or product). I have seen several bright minds betting on companies clearly trading on vapor.

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