Mobile Is Where The Growth Is
New York-based VC Fred Wilson talks about the shift from web to mobile and how entrepreneurs can take advantage of the changing dynamics of advertising.
According to Wilson, while mobile-first companies stand to gain from the changing digital ad landscape, "It is not as good news for those who find themselves operating a big Internet business started more than five years ago. You are going to need to make a hard right turn super fast without flipping over the car."
If you look at any of the top web properties on comScore, Quantcast, Alexa or any other third party reporting service you will see that they all have been fairly flat over the first half of the year. You might think that all these big web services are flatlining.
We have seen this in our portfolio too. From board meeting to board meeting, we are seeing a similar pattern. Web is flattish. But mobile is growing like a weed.
I alluded to this in a post last week where I wished for an aggregated audience measurement service across mobile and web.
There is a significant shift going on this year, much more significant than we saw last year, from web to mobile. It is most noticeable in games, social networking, music, and news, but it is happening across the board and it presents both great opportunity and great challenges.
Mobile native services like Foursquare & Instagram have the most to gain from this transition. Big feature rich web apps like Facebook and Google have the most to lose from this transition.