We meet at lot of entrepreneurs and teams at Storm. While I think my partners may value some qualities differently, I think we would all agree on a core set of qualities in entrepreneurs we invest in that we believe contribute to success. These qualities are all important and where we have made some exceptions, I think in general we have been disappointed. I will cover each one in some depth in separate posts and welcome comments.
I have been thinking about a quick post on App Store economics for a while. For some time, I have thought that the 30% rake that all the app stores take today - imho – just isn’t sustainable. So long as their is choice in the market, economics should bias towards the app developers. Mobile competition is intense and should produce good consumer choice.
We as a firm have been spending a tremendous amount of time over the past few years looking at all the amazing things happening in the mobile landscape. It is amazing how dynamic the trends continue to be in such a big technology sector. I give Apple a lot of credit for getting the ball rolling with an outstanding phone, free from the constraints of carrier product marketing and delusional requirements and, just as important, continuing to execute on incredible products. However, it is also clear that the demand for mobile devices and capabilities is much bigger than Apple by just looking at the huge strides Android has made in just the past 12 months. I switched to Android (maybe the subject of another post) with my new Nexus S from the iphone and have been very happy – which surprises me a little given how dependent I am on the device. I have written about my experience here on Hubpages.
The beginning of a new year (and decade) and the technology show to rival all others is underway – at least anything relevant to end users. It is a gadget extravaganza. While it is an overwhelming show, its the best place still to get an overview of everything that is technology. Without a specific agenda and meetings on the calendar, one could question the value of spending time there as its no a terribly intimate venue with over 100,000 in attendance. While none of our companies set up booths at the show, many portfolio executives are there meeting customers and partners.
We are adding a blog section to our website. We view it as another way for entrepreneurs and partners to learn more about us and our companies. We hope to publish our thoughts from time to time mainly about technology trends as well as re-post and comment on some of our blogs that our companies author. We welcome constructive feedback and comments. We will be updating this section soon. Stay tuned!