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Mary Meeker’s 2019 internet trends report [pdf]
- pwinnski 7y ago50% of the world with access to the internet, that's staggering. Slide 10 shows that there's still a lot of room for growth in Asia Pacific and Africa & Middle East regions, but clearly there are bigger issues involved there.
- karthikb 7y ago80% the world has never been on an an airplane, either. Many of what we take for granted in the developed world, and even in India/China, have barely been introduced to the vast majority of people.
- umeshunni 7y agoTo be fair, in almost all parts of the world, the cost of getting on a plane are significantly higher than the cost of internet connectivity AND there are cheaper alternatives to air travel.
- karthikb 7y agoOh, absolutely. My point was more that huge swaths of the world are underserved by things that we take for granted and would otherwise assume "everyone" has been exposed to. And so, there's still a ton of headroom to grow.
- diebeforei485 7y agoPlease link to the PDF[1] if possible. [1] https://www.bondcap.com/pdf/190611_Internet_Trends_2019.pdf https://www.bondcap.com/pdf/190611_Internet_Trends_2019.pdf
- RmDen 7y agoHow do I change the URL? It won't let me...
- zemo 7y agoI kinda like the slideshow, it lets me send someone a link to a specific slide.
- gwern 7y agoYou can link specific pages in a PDF too, like thus: https://www.bondcap.com/pdf/190611_Internet_Trends_2019.pdf#page=8 https://www.bondcap.com/pdf/190611_Internet_Trends_2019.pdf#...
- zemo 7y agowoah. Is that a universal thing or is it browser-specific? I've never seen that before. edit: ah. Yeah it doesn't work on my phone (Pixel ... 1). It downloads the entire PDF and then just dumps me on the first page.
- neogodless 7y agoMaybe it's just me, but I didn't understand the (slideshow) interface. I saw "click to begin" and I saw a down arrow, so I put the two together and clicked "down" to begin. Then I saw a list of archives, and if I continued down, it ended. I assumed I had to click 2019, so I did that and I was back where I began. It took me trying that twice before I realized I had to click... anything except the arrow.
- bilal4hmed 7y agoWhat took me by surprise was that telegram had more users than whatsapp or iMessage
- coalbin 7y agoI think you misinterpreted the graph, telegram has significantly fewer monthly active users than any of the other messaging services listed on the graph.
- bilal4hmed 7y agodoh sorry about that, I did read it incorrectly.
- jsf01 7y agoHow do you view this on a phone? It says tap to begin. Then what?
- ketzo 7y agoFrom page 29, average customer acquisition cost has risen by ~33% in just the last two years... they make the point on the next slide that having customer acquisition costs exceed a customer's lifetime value can't really succeed for long. I think this, specifically, is what will spell the doom of Uber and Lyft, and potentially many of the food delivery companies -- they rely on insane growth curves to generate new investment, and customer acquisition is just so unbelievably competitive/expensive, it's an arms race that (IMO) has to collapse at some point.
- mevile 7y ago> will spell the doom of Uber and Lyft Car sharing isn't going anywhere. It's too convenient. The prices will rise, the number of drivers and passengers will fall and the companies will shrink, but they'll still be around. I have trouble seeing suddenly seeing a day when there's no car share service because they all finally went belly up.
- loganfrederick 7y agoThe question is: will Uber and Lyft always be the entities leading car-ordering apps? Hypothetically, Uber and Lyft stock prices could collapse, Google and Apple buy them, respectively, and then they could become features in Google and Apple Maps, as opposed to standalone companies and apps. Sure, there are additional logistics, city management, back-end processing pieces that are not trivial. But the customer app experience certainly can be replicated as companies like Via have done, and Google and Apple could afford the transition costs of taking over all the behind-the-scenes logistics. Not saying this will happen, but it's an illustration of how car-sharing survives but Uber and Lyft do not.
- tedsanders 7y agoI mean, even in this scenario the company still exists, just with a different brand. They'll still have the same code, the same infrastructure, the same users. If Facebook buys Oculus, that doesn't mean Oculus stops existing. It just means Oculus is now owned by Facebook.
- tschellenbach 7y agoCorrection: Booking is founded by a Dutch guy (slide 260): https://en.wikipedia.org/wiki/Booking.com https://en.wikipedia.org/wiki/Booking.com
- vanderburgt 7y agoBut does/did he qualify as an immigrant founder?
- shaki-dora 7y agoThat's a pretty amazing slide even with that error(? see below). 15 of the top 25 tech companies had 1st or 2nd gen immigrant (co-)founders. As to booking.com: from reading the Wikipedia entry I gather the original dutch-founded booking.com was at some point acquired by Priceline Group (which had an American founder), which later changed its name back to booking.com. It seems the slide is (technically) correct, and any attempt to capture such cases in a workable definition would be complicated.
- avocado4 7y agoI think it's using owning entity's headquarter location (as opposed to founder ethnicity or pre-acquisition roots). Priceline is headquartered in CT.
- chaostheory 7y agoThe only thing that I had doubts on was the 'Video Watching Daily Minutes' portion Page 49. ISPs like Comcast game their cable numbers. How? They provide incentives to customers where it's actually cheaper to have a basic cable plan bundled with internet vs just internet. Guess what plan customers are going to pick regardless of whether or not they really watch cable TV? Assuming seniors aren't disproportionately consuming video vs everyone else, it's probably closer to 40 / 60 - television vs digital respectively. Unless Comcast and other operators with similar practices provide their DAU, television watching statistics will be inaccurate.
- B1FF_PSUVM 7y agoIf anyone else is wondering about the 'bondcap.com' URL, it seems a Kleiner Perkins brand.
- r10i 7y agono. It's Mary Meeker's new fund (a lot of them are from the KP growth team) but separate fund now
- mrandish 7y agoDid anyone else start picturing the first two slides (the ones labeled "Context") in a Star Wars-movie opening crawl? Something about the voice it's written in totally had me seeing it in yellow text perspective scrolling off into the background.
- russellbeattie 7y agoDear Mary, Social Security is not an entitlement in anything but the strictest sense of the word. Every year you put it in your report and group it in like it's some sort of handout by the federal government, but it's not. And every year, you put up a few slides pushing your politically-motivated world view of cutting "expenses", but never bother to note what USA Inc. could do to increase revenues like raising taxes on the insanely wealthy back to 1950's levels: 91 percent top marginal tax rate would go a long way to balancing USA Inc's books. Also, it's amazing how many slides you dedicated to the national debt during Obama's presidency, and yet now it barely gets a mention, and definitely no dire predictions of ruin and destruction for all. I wonder why? Every year I point this stuff out in HN, because I want to make sure the bias is well and truly noted in case others missed it. It makes me question how much irrational partiality infects the rest of the report - quite a lot I suspect.
- CharlesW 7y agoThank you for noting that.
- skybrian 7y agoWhy do you believe Social Security isn't an entitlement?
- sp332 7y agoThere's a connotation of entitlements that they are merely demanded and not earned. But Social Security benefits are, at least through a hotly debated and ever-changing formula, related to the amount a person paid in.
- skybrian 7y agoIt's kind of a weird argument, considering that nothing in the Bill of Rights (for example) is earned. There are things we have "by right" according to law and that's okay.
- 7y ago
- floatboth 7y agohuh, Atlassian is on the huge company list?
- naistran 7y agoThe list only includes internet companies.
- aloer 7y agoslide 94: nearly 4.2 million people streamed in december 2018 at least once on twitch that seems incredibly high. I wonder how many of those are streaming games vs. talk/conversation vs. travel/outside social etc. I also wonder what the cost of all of this is. How many of them will actually be unprofitable for twitch due to not having any viewers. The streaming infrastructure must be more expensive than say a yt vid that no one watches, no?
- Advaith 7y agoI'd argue against this solely based on the deflationary costs within computing. Factor that in, and the outlook for twitch looks great. Article readers -> Video consumers(YouTube, Facebook etc)-> livestream (initially games and now anything) Streaming games might be the first high value use case but I can def. see twitch gain traction in other niches.
- skybrian 7y ago"With which company would you share your health data?" https://www.bondcap.com/report/itr19/#view/287 https://www.bondcap.com/report/itr19/#view/287 This certainly isn't what you'd guess from reading comments on HN.
- ogirginc 7y agoThis is quite shocking. :/
- throwaway0220 7y agoYeah. Who would think that almost half would share their data with... Samsung.
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- holy_city 7y agoGoogle probably has it from reading your Gmail anyway if your provider emails you any information.
- peterjussi 7y agoRephrase it as "Which companies do you asses have the security practices necessary to adequately protect your health data?" and this makes sense. Adding: To be fair, it probably more strongly correlates with "Which technology companies have you heard of?"
- vmurthy 7y agoThe fine print says this: n = 4000. This question was only asked to the 11% of total respondents who answered "Yes" to whether they'd share their health data with a tech company So.. HN might be right , after all :-). Knowing nothing about how they chose their sample respondents, I doubt we can either agree or disagree!
- leshokunin 7y agoAs the years go by, I feel more and more underwhelmed by these. It feels very surface level, handwavy. How would one execute anything but decisions based on confirmation bias using this information?
- jblow 7y agoIt's not supposed to help you execute anything; it's an advertisement.
- dredmorbius 7y agoExplain?
- vmurthy 7y agoNot the OP but I dug a little into which company published this. The link takes you to "Bond Cap" which seems to be an offshoot of Kleiner Perkins [1] . Bond Cap is another VC fund according to their webpage [2]. Putting 2 and 2 together: if you were a prospective investor and are considering two firms A and B and A happens to publish a report every year that seems to indicate that they know the internet landscape very well, who would you invest with ( other things being equal of course )? [1] Wikipedia says that Ms Meeker works for Kleiner Perkins.https://en.wikipedia.org/wiki/Mary_Meeker https://en.wikipedia.org/wiki/Mary_Meeker [2] https://www.bondcap.com/#investments https://www.bondcap.com/#investments
- lioeters 7y agoThanks for sharing your findings! I've been reading Mary Meeker's annual Internet Trends Report for a while now, and I've found it informative. But it does make sense that the motivation behind it might be marketing/advertisement for a VC firm. The reports are a kind of proof that they do thorough research and have domain expertise.
- dredmorbius 7y agoThat's fairly much as I'd suspected (though it'd be nice to hear OP's rationale). I'm coming to the conclusion that much publishing is really a highly-ornate calling card or advertisement.
- hn_throwaway_99 7y agoWow, just kind of crazy how virtually all the top 20 Internet companies are US and China. The only other country represented is Japan with Recruit Holdings, and a huge part of that (maybe majority?) is due to them owning Indeed, which was founded in Austin.
- vmurthy 7y agoFor those of you who want a quick skim : A great summary on (of all the things :-)) Twitter : https://twitter.com/investing_city/status/1138549558789779458 https://twitter.com/investing_city/status/113854955878977945...
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