. >> host: neil budde, daily me.com. thank you. many of the panels at this tech conference dealt with current technology in the marketplace, but we also had the chance to talk about some future technologies and their funding sources. here at the northern virginia digital media conference is janet yang who is a principle partner with novak biddle. what is novak biddle? >> guest: we're a venture capital firm, and we're based outside of bethesda, maryland. we're about 12 years old, and we have about $600 million under management, and our focus is purely i.t. meaning we don't do biotech or health care. so we have seven partners on the investment side, and all we do is do i.t. investments. and by i.t., it incorporates anything from digital media, for example, which is why we're here all the way to mobile and telecommunications, semiconductor materials, software and the whole gamut. >> host: is it fair to say that most i.t. venture capitalists are based out in california? is it rare to find one here in the washington area? >> guest: well