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Mobile did not go to startups. It remained with the incumbents from pre-mobile (Google, Meta, Apple). It appears only the Internet was a truly game changing eve
by npalli 3y ago
Mobile did not go to startups. It remained with the incumbents from pre-mobile (Google, Meta, Apple). It appears only the Internet was a truly game changing event if you are thinking of brand new gigantic companies go from startup phase to trillion dollars.
- smartbear 3y agoMobile _phones_ did not go to startups. Making money off mobile -- whether apps that were impossible before, or features which advantaged certain companies who were able to be mobile-early or mobile-first, advantaged startups.
- marcosdumay 3y agoA bit. There was enough space that the incumbents failed to notice a niche here or there. And in particular, Google left a relatively big portion of the ad market open for grabs. But the incumbents succeeded in capturing most of the money involved with mobile. And only became more powerful after it.
- npalli 3y agoOnly Apple had the phone, Google's phone is mostly for pushing innovation (not sales) and Meta doesn't have a phone or OS. In the final analysis, most of the value went to these guys not the hundreds/thousands of startups that got started on mobile. Whatever these startups did, these guys copied or bought and drove most of the value post-acquisition (ex. Insta/Meta). Uber is probably the biggest and it only just crossed $150B recently.
- smartbear 3y agoWhat about Uber, Lyft, Instacart, and the many other companies that (arguably) were only possible because of smart phones?
- npalli 3y agoThree different people are telling you that the majority of value accrued to the ones listed. Insta and Lyft are both under $10B while the other three got into trillions of dollars post mobile.
- newsclues 3y agoYeah, there were startups from the mobile era, they just got bought. I think the social media startups like instagram are a good example of the startups from the mobile era.