William H Janeway (Bill Janeway) has lived a double life as a theorist-practitioner in finance for 40 years, with a long list of achievements in both lives. Notably, he built and led the Warburg Pincus Technology Investment team that funded BEA Systems, Veritas Software and Nuance Communications, as well as founding the Cambridge Endowment for Research in Finance. He is a Teaching Visitor at the Princeton University Economics Department and Visiting Scholar in the Economics Faculty of Cambridge University. In short, there is no-one better qualified to discuss investment trends in the Internet of Things.