What Just Happened in Tech in 2014? â€“ AVC
Eric Barker stashed this in Tech
Fred Wilson is all over the map here:
1/ the social media phase of the Internet ended. this may have happened a few years ago actually but i felt it strongly this year. entrepreneurs and developers still build social applications. we still use them. but there isnâ€™t much innovation here anymore. the big platforms are mature. their place is secure.
2/ messaging is the new social media. this may be part of what is going on in 1/. families use whatsapp groups instead of facebook. kids use snapchat instead of instagram. facebookâ€™s acquisition of whatsapp in february of this year was the transaction that defined this trend.
3/ the â€śsharing economyâ€ť was outed as the â€śrental economy.â€ť nobody is sharing anything. people are making money, plain and simple. technology has made renting things (even in real time) as simple as it made buying things a decade ago. Uber and Airbnb are the big winners in this category but there are and will be others.
4/ the capital markets have moved to the internet. we call it crowdfunding but what is really going on is raising money is a great application of a global platform that connects billions of people in real time. i donâ€™t know the total amount of capital that was raised on the internet across all sectors (equity, debt, creative projects, charity, helping a person in need, real estate, energy, etc, etc) in 2014 but i am sure it is in the tens of billions.
6/ mobile and messaging has started to impact the enterprise. slack is the poster boy for this trend in 2014.