In A Recent Talk, Facebook Investor Roger McNamee Argues That Social Is Over, Microsoft Is Toast & The iPad Is The Most Important Device Since The IBM PC.
Click to transfer to talk (worth watching in its entirety)
Some Of The Highlights:
«The last 500 social companies funded by the VC community are all worthless. I’m serious.»
«Currently Facebook Connect is free; eventually they’ll charge for it because it’s access to their social graph which publishers need, and that’s how they’l make money.»
«Apple will sell a hundred million internet-connected devices this year. That’s two thirds of the PC market.» If you add the other non-PC internet devices, that’s more valuable than the PC market.
«The Fed is printing money and inflating bubbles, “but for us, that’s great!”: capital is very cheap; consumers are acting like the party’s on, so there’s lots of opporutnities.»
More.
[via The Business Insider & Paul Kedrosky]
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