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At Tech Conference, Search On For Next Big Thing
CNBC.com | March 09, 2011 | 07:32 AM EST

At the Montgomery Tech Conference, 170 startups are presenting to an audience of venture capital investors, media and tech executives, all looking to find the next big thing.

The ultimate goal is to discover the next Facebook, the $70 billion juggernaut. But potential investors or acquirers here aren't focused on social media—when I ask what's the next Facebook, the answer is usually: Facebook is the next Facebook.

Instead, the dozen investors I've talked to are pulling out smart phones and iPads, talking about the new way content is delivered and saying ubiquitous mobile connectivity is creating a wealth of new opportunities that startups are cashing in on. And for companies to deliver services or content to mobile devices, that likely means leveraging the cloud, since you can't save any data on that slim iPhone or tablet.

Here are picks from three of the leading VC names here at Montgomery Tech:

DFJ Managing Director Tim Draper says he likes companies which have original software that has the opportunity to spread to the hundreds of millions of people with Internet-enabled phones.

His top pick is a company called "Splashtop"—its Splashtop Remote service delivers access to all the content on your desktop from any smartphone or tablet. Download the software to your desktop, then you can access your iTunes library or work on your documents from any remote location.

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