The Kauffman Foundation, which has ties to the venture industry, has issued a damning study of the business that addresses long-running concerns about poor performance and concludes that the limited partners who invest in funds have no one but themselves to blame.
Snapchat and WhatsApp both account for 700 million photos shared daily. The average Google user is six times more valuable than the average Facebook user. Buzzfeed is big on Facebook but not as big on Twitter, where BBC is the top media brand. And 25 percent of global Internet use is on mobile, but only 4 percent of ad dollars is.
These are just some of the key Web trends that Mary Meeker of VC firm Kleiner Perkins Caufield & Byers shared at Re/Code’s conference today. Here is part of the 164-page State of the Internet report and what the top investment firm is looking at when it makes its billion-dollar bets on the future:
Venture capital investors including Google Ventures and Andreessen Horowitz are increasingly betting on startups helping businesses test their web, mobile and desktop apps. Year-over-year funding to testing startups has grown 71% over the last year.
Venture capital investors are becoming increasingly bullish on startups helping businesses test their Web, mobile and desktop apps.
While enterprise tech companies make up 67% of the largest exits by number, consumer tech companies dominate the exit valuation side of the spectrum. In other words, consumer tech is where the real unicorns are.
In our earlier research, we highlighted the power law distribution of venture capital exits. When we break venture’s largest exits down by the market they were going after – consumer vs enterprise – the data is telling.
