• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Roger McNamee - How To Revive The Web. 10 Hypotheses For Tech. Investing
 

Roger McNamee - How To Revive The Web. 10 Hypotheses For Tech. Investing

on

  • 516 views

Roger McNamee is a co-founder of Elevation Partners. He began his career in 1982 at T. Rowe Price Associates, where he managed the top-ranked Science & Technology Fund and co-managed the New Horizons ...

Roger McNamee is a co-founder of Elevation Partners. He began his career in 1982 at T. Rowe Price Associates, where he managed the top-ranked Science & Technology Fund and co-managed the New Horizons Fund. In 1991, he launched Integral Capital Partners, the first crossover fund (combining later stage venture capital with public market investments), in partnership with Kleiner Perkins Caufield & Byers. In 1999, Roger co-founded Silver Lake Partners, the first private equity fund focused on technology businesses. In 2004, Roger and his partners launched Elevation Partners, an investment partnership focused on the intersection of media and entertainment content and consumer technology.

Roger performs 100 shows a year in the band Moonalice, where he plays bass and guitar. Moonalice pioneered the use of social media in music, inventing such applications as Twittercast concerts, Moonalice radio on Twitter, live MoonTune video-streamed concerts, and the Couch Tour. The band’s website (Moonalice.com) enables fans to listen to any song or show and to watch every concert on a smartphone without an app. Moonalice is renowned for the quality of poster art associated with the band. Moonalice’s single, “It’s 4:20 Somewhere” has been downloaded more than 960,000 times.

Roger is the author of The New Normal, published in 2004 by the Portfolio imprint of Penguin Books, and The Moonalice Legend: Posters and Words, Volumes 1 & 2, published in 2008 and 2010, respectively.

Roger serves on board of directors of Wordnik. In philanthropy, he serves on the boards of the Rock ‘n’ Roll Hall of Fame Museum, and the Rex Foundation.

Roger holds a B.A. from Yale University and an M.B.A. from the Amos Tuck School of Business at Dartmouth College.

Statistics

Views

Total Views
516
Views on SlideShare
510
Embed Views
6

Actions

Likes
1
Downloads
7
Comments
0

2 Embeds 6

https://twitter.com 5
http://tweetedtimes.com 1

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Roger McNamee - How To Revive The Web. 10 Hypotheses For Tech. Investing Roger McNamee - How To Revive The Web. 10 Hypotheses For Tech. Investing Presentation Transcript

    •      How  to  Revive  the  Web   Presenta(on  to  Mashable  Connect   Roger  McNamee   Eleva(on  Partners    
    • Hypothesis  #1   Investors  and  entrepreneurs  risk  missing   a  huge  business  opportunity  because   they  are  using  the  wrong  vocabulary  
    • 1998-­‐2006:  Internet  +  Web   World  Wide  Web  –  HTML  4   Internet  
    • 2007-­‐Present:  Two  Separate  Markets   World  Wide   Web     HTML  4   Internet   5/4/12   App  Model      Carriers  +  WiFi   ”How  to  Revive  the  Web"  by  Roger  McNamee   5  
    • 2007-­‐Present:  Hypernet  +  Hyperweb   World  Wide   Web     HTML  4   App  Model     ßHyperwebà Internet    Carriers  +  WiFi   ßHypernetà 5/4/2012   ”How  to  Revive  the  Web"  by  Roger  McNamee   6  
    • Hypothesis  #2   Businesses  are  adop(ng  consumer   technology  because  it  is  cheaper  to  buy,   cheaper  to  support,  and  works  beLer.  
    • Web  =  Only  Half  of  Addressable  Market   Units/$  ===>    HTML  4   Windows/IE   Mac/Safari   Search:  Google     App  Model   +  Carriers   iOS   Android   Search:  Apps   Hypernet   5/4/12   ”How  to  Revive  the  Web"  by  Roger  McNamee   8  
    • Hypothesis  #3   “Index  search”  s(ll  controls  wired  web;  in   mobile,  use  cases  and  behaviors  are   different,  resul(ng  in  different  winners  
    • Apps  Replace  Google  for  Mobile  Search   Units/$  ===>    HTML  4   100  searches     App  Model   +  Carriers   iPad:  10     iPhone:  1   Hypernet   5/4/12   ”How  to  Revive  the  Web"  by  Roger  McNamee   10  
    • Web  Winners  Have  Failed  to  Profit  From  Mobile   Google   MicrosoW   Facebook   Cisco   Oracle/Sun   SAP   Apple   Verizon   ATT   “Publishers”   Amazon   B&N     Hypernet   5/4/12   ”How  to  Revive  the  Web"  by  Roger  McNamee   11  
    • Hypothesis  #4   Apple  succeeded  by  hiding  technology   wherever  possible  .  .  .  and  subs(tu(ng   style.  
    • Customers  Don’t  Love  the  Web   Units/$  ===>    HTML  4   Open  source   Long  tail   Free   Commodi(zed   Wild  West   App  Model   +  Carriers   iOS   Branded   Free  +  Paid   Differen(ated   Secure   $400-­‐1,000   Hypernet   5/4/12   ”How  to  Revive  the  Web"  by  Roger  McNamee  
    • Hypothesis  #5   Next  genera(on  web  technology  will   favor  publishers/consumers  over  middle   men  
    • Tech  Pendulum  Enabling  More  Content  Differengagon   Commodity   Content   Differen(ated   Content   HTML  4  Web   5/4/2012   App  Model   Future:  HTML  5  à     ”How  to  Revive  the  Web"  by  Roger  McNamee   15  
    • Engagement:  Metric  of  Value  for  Content   HTML  4  Web   iOS   HTML  5  Web   2-­‐5  mins/  app   ????   15-­‐20  secs/story   4/4/2012   ”How  to  Revive  the  Web"  by  Roger  McNamee   16  
    • $ Value  to  Publisher   HTML  4  zone          iOS  zone   Content  =   Commodity   HTML  5  zone   Content  =   Differen(ated   You  are  here!   Engagement   Commodi(zed  content  favors  middle   men;  differen(ated  content  favors   publishers  and  consumers  
    • HTML  5  =  Higher  Producgon  Values,  Lower  Cost   HTML  4   Flash   Flash   HTML  4   HTML  4   HTML  4   HTML  4   HTML  4  -­‐  Today   5/4/12   HTML  5   Flash   Flash   HTML  5  -­‐  2014   ”How  to  Revive  the  Web"  by  Roger  McNamee   18  
    • HTML  5  =  Engagement  and  Monegzagon   STORY         Product  1     Product  2   Product  3   Adver(sement   5/4/12   Product  1  *     Product  2  *   Product  3  *   HTML  5  enables   everything  to  be  an   app,  including  ads     Ads  can  be  @ed   directly  to  content     It  may  be  2-­‐3  years   before  HTML  5  tools   will  enable  this   ”How  to  Revive  the  Web"  by  Roger  McNamee   19  
    • HTML  5  “Apps”  May  Have  Mulgple  Forms   4   3   2   1   STORY           Product  1     Product  2   Product  3   INFOGRAPHIC         Stock  Trading   App   Ticker  1  *     Ticker  2  *   Ticker  3  *   1.  App:  func@ons   like  a  na@ve  app   2.  eBook:  something   to  read  later     3.  Bookmark+:   content  available   for  later   reference   4.  Layers   5/4/12   ”How  to  Revive  the  Web"  by  Roger  McNamee   20  
    • Mulgple  Forms  of  High  Value  Monegzagon   4   3   2   1   5/4/12   STORY           Product  1     Product  2   Product  3   Stock  Trading   App   INFOGRAPHIC         Ticker  1  *     Ticker  2  *   Ticker  3  *   1.  App  delivery   2.  eBook:  atomiza@on   of  content  enables   incremental  revenue     3.  Content  available  for   later  reference  can   include  mone@za@on     4.  Layers  can  include   mone@za@on   ”How  to  Revive  the  Web"  by  Roger  McNamee   21  
    • HTML  5  =  Wide  Open  Opportunity   Units/$  ===>   World   Wide   Web     HTML  4   App  Model   Google   Apple   HTML  5   ???   Content  =   Commodity   Content  =   Unlimited   Differengagon   Desktops   5/4/12   Content  =   Limited   Differengagon   Smart  Phones   Future     ”How  to  Revive  the  Web"  by  Roger  McNamee   22  
    • HTML  5  vs  Nagve  Apps   Advantage     Scale     Open  Source     Cost     Control     Economics     Funcgonality   5/4/12   iOS     √                     ???   ”How  to  Revive  the  Web"  by  Roger  McNamee   HTML  5         √     √     √     √     ???           23  
    • HTML  5  =  Wide  Open  Opportunity   Units/$  ===>   World   Wide   Web     HTML  4   App  Model   Google   Apple   HTML  5   ???   Content  =   Commodity   Content  =   Unlimited   Differengagon   Desktops   5/4/12   Content  =   Limited   Differengagon   Smart  Phones   Future     ”How  to  Revive  the  Web"  by  Roger  McNamee   24  
    • Hypothesis  #6   Children  under  the  age  of  8  may  never   use  a  PC  the  way  you  do.  
    • An  Eight-­‐Year  Old’s  Idea  of  a  Computer   5/4/12   ”How  to  Revive  the  Web"  by  Roger  McNamee   26  
    • Hypothesis  #7   Android  has  a  broken  economic  model;   cannot  compete  with  Apple  in  the  long   term  
    • Brand  is  a  HUGE  Advantage   COGS   Apple’s  gross  margin  is  roughly  equal  to  gross   revenues  for  a  comparable  Android   COGS   Apple   5/4/12   Android   ”How  to  Revive  the  Web"  by  Roger  McNamee   28  
    • Android  =  Entropy  at  High  Velocity   Amazon   Verizon   Original  Android   Standard   5/4/12   Samsung   Barnes  &  Noble   ”How  to  Revive  the  Web"  by  Roger  McNamee   29  
    • Smart  Phone  Purchase  Drivers   Android   Apple   •  Content   •  Cool  factor   5/4/12   •  Tech  heat   seeker   •  Inexpensive   ”How  to  Revive  the  Web"  by  Roger  McNamee   30  
    • Hypothesis  #8   “Social”  and  “Mobile”  are  now  a  cost,  not   a  compe((ve  advantage  
    • Hypothesis  #9   U.S.  economic  compe((veness  at  risk   unless  we  invest  far  more  in  post-­‐cellular   wireless  technology  
    • Hypothesis  #10   Disrup(on  of  cable,  satellite,  and  even   NetFlix  is  beginning.  
    • Economic  &  Market  Environment   •  US  economy  is  beginning  to  improve,  despite  efforts  in   Washington  to  reduce  deficit   –  DJIA,  S&P,  Nasdaq  reflect  rising  op(mism   –  Unemployment  remains  high;  possibly  structural   •  Excessive  consumer  indebtedness  acts  as  a  drag  on  growth   •  Government  deficits  act  as  a  drag  on  future  growth   –  Wars  compete  for  resources  with  private  economy   –  Is  Iran  next?   •  Investor  challenge:  what  is  the  happy  ending?   3/19/12   "Ten  Hypotheses"  by  Roger  McNamee   34  
    • Onward!!   •  Tech  heat   •  Content   seeker   hLp://www.moonalice.com   •  Cool  factor   •  Inexpensive   hLp://www.eleva(on.com   5/4/12   ”How  to  Revive  the  Web"  by  Roger  McNamee   35