Problems with investing in the mobile internet: Joi Ito
May 26th, 2008

Venture capitalist and technology early adopter Joi Ito broods about problems with the mobile internet. These aren’t problems he sees as opportunities, but as limitations to investment.

For one thing, the ecology of content and access providers is too small and limited:

the overwhelming percentage of money spent on mobile devices goes to paying for and the collection of payments for a small number of not so innovative products from a small number of providers.

This can be a shock to investors used to the Web:

I don’t think mobile monetizes as well (for the company) as the web. I think that if we move over to mobile too quickly we’re risking moving our game to a platform where the DNA is not what we’re used to on the Internet and most importantly, putting money in the pockets of people who do not redistribute it to startups, but instead feed giant vendor ecologies instead.

(via BoingBoing)

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