I Love Fred Wilson and Listen to his Thoughts
  7 likes
  •   7 comments
Share

brianCo-Founder at Hi-Art
Autoplay OFF  •  2 years ago

I Love Fred Wilson and Listen to his Thoughts

He's Right: Consumer Mobile is Hard

" i can’t think of many consumer facing mobile apps that have gained massive traction and sustained it in the past three years. can you?"

Yes, Good Consumer Mobile Value in Last 3-5 Years

Not lots sure, but it's not dead

SnapChat, Periscope, Lyft Instacart, LINE

To Name a Few

Consumer Non-Mobile Has More

Let's Keep Grinding

Stories We Think You'll Love
brianCo-Founder at Hi-Art
a year ago
My Friendship with the Fat Jew

nouiesTumblr: @n-ouies / @seiuo-n
6 months ago
Stonecrop
Photos by me.

damehlyfeteehee
9 months ago
The Lover Lacker's Shout Out



brianCo-Founder at Hi-Art
2 years agoReply
@tango had problems with word limit and some of my word choice could have been better--I couldn't edit after published. I should have said web-first consumer applications instead of "non-mobile." For that slide, I was attempting to convey a lot of web-first consumer apps have been created in past 18-months to 5-years that have created tremendous valuable for investors: blue apron, Pinterest, Warby Parker, The Honest Company, DraftKings/FanDuel*, Medium, Giphy, etc. A lot of friends, investors and advisors have forwarded me this article by Fred Wilson (of whom I admire and read almost all his published posts): http://avc.com/2015/11/th.... I do believe as mobile continues to mature, the largest mobile-first companies have likely already emerged although changes in mobile technology and functionality could create new opportunities. But, I think from an investor standpoint, while there's been a lot of misses and busts in consumer mobile in past 18-months (for example, Secret, maybe Yik Yak and Timehop), the value created has been really significant and not investing in high performing consumer would really hurt a portfolio compared to its peers. I think the portion of Fred's post about choosing not to invest in consumer mobile-first companies and their portfolio having less of these companies is not particularly relevant other than that is their choice and belief. While I have tremendous respect for them and would always love to work with USV, I think they've missed out on some of the strongest performing consumer companies in the past 5 years (although did invest in a few (Kik, Kickstarer, Foursquare, Tumblr) and had almost no misses which is very difficult. Also, agree with @sydney's comments on mobile as a supplement. Moreover, it is quicker to build a web-first consumer application and thus easier to be "lean" by starting to testing it with users. This is not trivial. Totally could have made another pencil in response :)

tangolet's TANGO!!!
2 years agoReply
What do you mean by consumer non-mobile?

sydneyverifiedco-creator of Commaful
2 years agoReply
@brian it seems like many consumer mobile apps are supplements to experiences now rather than the only mobile. Periscope, Medium, Pocket, etc. all have pretty well used mobile apps but also have a strong web presence.

sydneyverifiedco-creator of Commaful
2 years agoReply
@brian fantastic feedback Brian :) @rch and I will be looking at this and seeing how we can make it better :) A lot of those suggestions will be coming soon!!

brianCo-Founder at Hi-Art
2 years agoReply
@sydney

brianCo-Founder at Hi-Art
2 years agoReply
Also, would like preview before publish and ability to edit the post. My word choice could have been better.

brianCo-Founder at Hi-Art
2 years agoReply
First @usepencil. It was fun! My title was a little long and wanted some more clarifying words--word limit is worthwhile, but tough. Liked doing it though!