The size and speed of the smartphone revolution is staggering.

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And, at Casio, female presenters spoke of the company's "speed revolution" in front of dozens of amateur photographers, each clicking away as if under a looming deadline.

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The speed of discovery has absolutely no relationship with anything comparable, it is not based on transistor revolution or .com expansion.

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One possible explanation is that venture capitalists had much better investment opportunities available to them in the 1990s, as the technology revolution gathered speed, whereas buy-out funds were badly hit by the collapse of the junk-bond market in the late 1980s and the recession of the early 1990s.

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The Occupy Wall Street protestors are gone (for now), but the real revolution against banking is still taking place at breathtaking speed, thanks to a new breed of technology entrepreneurs.

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