For the big players at least, Venture Capital is no longer just a vehicle to support entrepreneurs and ideas, but a means to guide and influence a global market. I did a deep-dive of VCs through the lens of the transportation landscape, and how it can drive the habits and characteristics of other industries in the future.
The State of Ride-sharing:
Let’s talk about Softbank for a moment, and how powerful they’ve become - here are the major two ride-share players to-date, and how much capital they’ve accumulated:
China, with its multitude of tech decacorns, is catching up as a global economic powerhouse. It was hard to say that decades ago, let alone 2010 post the ’08 financial crisis when the world was launched into global turmoil. But as noted in the latest KPCB Internet Trends report, the Asian giant has 9 of 20 biggest internet companies in the world (by market cap) v. five years ago when they had 2.
But the more exciting news is the state of these decacorns today, and how they will affect the years to come..
Epic Game’s new hit, Fortnite, has a whopping 125M players today, blowing out other games like LoL: League of Legends (100M players) or Overwatch (40M players) out of the water. How did this all happen in less than a year?
I unpacked further what’s the deal; tl;dr: its colossal success is attributed to four areas: 1. social nature of gameplay, 2. accessibility of the ecosystem, 3. timing to product market fit, 4. relatability with pop culture & influencers.
Let's talk about immigration from a purely economic perspective. Today, 13% of the U.S. population are first or second generation migrants. It’s always been a hard topic, but data shows that immigrants matter, and are good for this country's long-term prosperity. We’ve seen it in our history, and it's been repeating itself. Let’s take a look at some of that data.
A Brief History:
Today is no different than our past. We’ve always had immigrants, coming in various forms and in different waves (by continents):
I'm a tech investor @ Obvious.com. I was formerly a Product Manager @ Dropbox and Uber, & studied CS at Stanford. I also write on Medium.
Ping me daniel@ obvious.com, or follow @dcliem!