“There is a significant shift going on this year, much more significant than we saw last year, from Web to mobile,” notes Fred Wilson, a VC and principal of Union Square Ventures. “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.”
Companies that were significant Web presences such as Google, Yahoo! and even Facebook are being challenged. Meanwhile, mobile companies like Instagram, Foursquare and Twitter are flourishing.
Unlike the Web which requires feature richness, mobile demands small app specific services. Facebook should break out a number of small mobile apps such as Messenger, Instagram, and Camera.
“In the past fifteen years, we have seen Microsoft go from being an unstoppable force to being a non-factor in many important new markets, we have seen Google go from being an unstoppable force to being a non-factor in many important new markets, and I suspect we are going to see Facebook struggle with the same thing,” writes Wilson. “RIM is dying quickly now. Yahoo! is a question mark.”
He also notes that while mobile is today’s priority, next year it may be something entirely new.
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