Facebook and Twitter monopolies make scaling new mobile consumer apps nearly impossible
Jim Scheinman · 20VC: Building a Game Changing Consumer Startup and Hunting His 4th Unicorn with Jim Scheinman @ Maven Ventures · Mar 2, 2016 · at 13:56
Jim Scheinman, managing partner at Maven Ventures, discusses why scaling standalone consumer social apps on mobile has become severely constrained.
0:00 / 0:13exact quote · 13.9s
720p mp4 · rendered on demand · StarZero watermark
“But the truth is it's going to be really hard to scale another consumer app in the mobile shop. I mean, it's just mature. It's a mature market. And the big players that have a monopoly like Facebook and Twitter are not opening their platforms anymore.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jim Scheinman
Mobile photo swiping will look primitive compared to VR social by 2021
“I actually, I'll go on record and say, I think in three to five years, and maybe even sooner, we'll look back and laugh at how we thought swiping through pictures on mobile or looking at photos on the internet was social networking.”
Breakout consumer tech success is 80% luck and timing
“Number 10, which unfortunately you and I have very little control over, is luck and timing. And that's about 80%, right? You have to do all these amazing things, have the right vision, have the right team, have the right culture, have the right marketing, you …”
Yahoo will not survive as an independent company for much longer
“It was Yahoo and still around, not for long though”
Friendster's social networking concept was a $100 billion market opportunity
“And that really was a hundred billion dollar idea.”
Maven Ventures sold mobile app Check to Intuit for nearly $400M
“One called check, which we sold to Intuit last year for almost four hundred million dollars.”
Tango reached a $1 billion valuation with 350 million users
“Tango, we were, I was, you know, I helped name that company. It was the first mobile messaging video conferencing app on the iPhone, Android phone, still has three hundred fifty million customers. We had a billion dollar valuation last year by Alibaba investme…”