Morgan Stanley Internet analyst Mary Meeker’s presentation at the Stanford business school provides an overview of Internet and Technology industry trends including a lot of interesting data and analysis.
Mary Meeker
Especially telling is the chart on how the combined market caps of the Top 5 global Internet leaders (Google, Yahoo, eBay, Yahoo Japan and Amazon.com) have moved from the year 2000 via the “Internet bust” of 2001-02 to 2005.
Top 5 Global Internet Market Cap Leaders
Google + Yahoo! + eBay + Yahoo! Japan + Amazon.com
• $ 2B = market value – pre-2000 IPO
• $178B = market value – Nasdaq peak – 3/10/00
• $ 32B = market value – Nasdaq trough – 10/9/02
• $262B = market value – 11/11/05
As Meeker points out in another slide, what we have witnessed is that while there has been a “Boom -> Bust -> Boom-let” pattern in Company Creation, the trend is atually “Boom-let -> Bust -> Boom” in terms of Wealth Creation.
Going forward, here is what Meeker considers as current and potentual “Game Changing” technologies:
Wireless (Duh!) – as mobile leads Internet is most markets outside the US. She points to an emerging “Mobile-PC” paradigm (similar to client-server) where users program their PCs to serve abbreviated version of their content wirelessly to their mobile devices.
Storage – an iPod Nano packs 4GB in < style="font-weight: bold;">
Broadband
WiFi?
Video applications
VoIP – 61 million Skype users as Oct. 2005
User Generated Content
On Demand Software
Open Source?
Click Here to download the presentation.
Hat tip: Matt MaCall
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.
