VC Buzzword Index

I had a brief spot at the NW Start Up 2.0 event organised by Manoj Ranaweera in Manchester and hosted by KPMG the other night. The requirement was for me to talk about the sectors that VC's were most interested in as investment targets at the moment- in 5 mins. It was perhaps a bit too flippant but I couldn't resist the temptation to make some points under the guise of an "Index of Buzz Words for internet/software investments". It's totally unscientific but I hope it made the talk a little less dry!