The following is a recorded video from Web 2.0 Summit 2010 by Morgan Stanley’s Mary Meeker on “Internet Trends”.
It’s always good and sobering – even with bullish commentaries – to get the hard numbers. To do so through the eyes of financial industry seems even more solid than any other economical, sociological statistics. This talk is one of only handful out of the many worthwhile Web2.o Summit talks that I paid careful attention, just to get the trends through financial numbers right.
What puzzles me however, not so much how Wall Street look at things, but how Web2.0 world look at Trends of Internet from a top-down, size and market-cap singular perspective. The biggest story in the world of internet innovation, with only partial exception of Apple, is in the tail not in the head; and tent-pole successes are those that harnessing the power of the tail, be it user-contributed content, friends generated networks, rapid innovations from start-ups.
I was hoping that at a Web2.0 Summit, we would examine the Internet Trends as how many start-ups, working on what subject areas; what the rate of innovations; how well big companies such as Google, Facebook, Apple, Amazon, Yahoo, eBay, Netflix, Microsoft are coping and co-opting these innovations (other events at the Summit does address some of these individually); the dynamics of these bottom up innovations such as their catalysts and their sustainability; and hopefully (wishfully) what can’t of educational and policy environment and even broader socio-cultural environment that foster such innovations and growth.