On April 12, 2011 in Palo Alto SDForum held the Quarterly Venture Breakfast with Pillsbury Winthrop and PricewaterhouseCoopers on “The Mobile Revolution.” Stan Pierson of Pillsbury Winthrop moderated panelists John Balen of Canaan Partners, of PricewaterhouseCoopers, Vispi Daver of Sierra Ventures, and Katie Rice of EPIC Ventures. The panel discussed the trends and and how the market will look over the next year.
The economy and investment in North America continues to improve. Supply disruptions in Japan and the Middle East may be counterbalanced by other countries. The investment growth is still in Silicon Valley and still heavily in the mobile space, which can be seen in the telecommunication, network and software sectors.
The shift from hardwired PCs to mobile devices is as big as the original shift to PCs. The introduction of the Apple iPhone and the Google Android put the US at the front of the mobile innovation for using the Internet. These devices break the hold of traditional telecommunications over access to the wireless market. Mobile devices like the iPad don’t need a monthly contract. They just use WiFi to access thousands of apps.
While there is money developing and selling those apps, as in any gold rush, more money can be made selling the tools. Companies that make it easier to develop apps across platforms, sell to global markets, or collect financial transactions. Another opportunity is helping corporate IT systems adapt to the consumerization of IT networks particularly with security. Beyond smart phones, in emerging economies there is still growth in phones that use SMS or texting.
It was a crowded event with a lot of questions. The mobile revolution is more disruptive than anyone realizes.
Copyright 2011 DJ Cline All rights reserved.