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@tdavidson	
  
The Internet of
Things
… is about People
@tdavidson	
  
@tdavidson	
  
Venture investor at kbs+
Ventures
NYC, USA
B2B enterprise technology
Focused on marketing and advertising
technology infrastructure
@tdavidson	
  
@tdavidson	
  https://developer.apple.com/wwdc/
@tdavidson	
  
House picture
@tdavidson	
  
@tdavidson	
  
appliances
http://www.pcworld.com/article/2025167/high-tech-homes-fridges-on-facebook-and-
smart-security.html
@tdavidson	
  
Plll
@tdavidson	
  
@tdavidson	
  
Plll
@tdavidson	
  @tdavidson	
  
@tdavidson	
  
car
@tdavidson	
  
@tdavidson	
  
Quantified self
@tdavidson	
  
@tdavidson	
  
Photographed
self
@tdavidson	
  @tdavidson	
  
@tdavidson	
  
Photographed
self
@tdavidson	
  @tdavidson	
  
@tdavidson	
  
Photographed
self
@tdavidson	
  
@tdavidson	
  
Photographed
self
@tdavidson	
  
@tdavidson	
  
2013,
USD $1.1 B in 153
investments
@tdavidson	
  http://www.cbinsights.com/blog/internet-of-things-investing-snapshot
@tdavidson	
  
64%
Early-stage (seed or A)
@tdavidson	
  http://www.cbinsights.com/blog/internet-of-things-investing-snapshot
@tdavidson	
  
By 2020,
26 billion connected devices
7 billion smartphones
@tdavidson	
  http://www.truste.com/gb-internet-of-things-index-2014/
@tdavidson	
  
Sensors +
networks +
actuators
@tdavidson	
  
@tdavidson	
  
Sensors in
everything
@tdavidson	
  
@tdavidson	
  
Access to the
cloud
@tdavidson	
  
@tdavidson	
  
Big data
intelligence
@tdavidson	
  
@tdavidson	
  
Extends the
network edge
@tdavidson	
  
@tdavidson	
  
"Sensors and signals and
connections in our lives will
proliferate in ways we can’t
predict, and in ways that
would probably seem
pointless if described to us.”
Benedict Evans
@tdavidson	
  http://ben-evans.com/benedictevans/2014/5/26/the-internet-of-things
@tdavidson	
  
IoT
+ Humans
= IoTH
@tdavidson	
  http://radar.oreilly.com/2014/04/ioth-the-internet-of-things-and-humans.html
@tdavidson	
  
“Intelligence at
the network edge
is now mobile.”
Steve Cheney
@tdavidson	
  http://stevecheney.com/on-the-new-edge-network-and-the-future-of-local-commerce/
@tdavidson	
  
“Humans are the
edge network.”
Steve Cheney
@tdavidson	
  http://stevecheney.com/on-the-new-edge-network-and-the-future-of-local-commerce/
@tdavidson	
  
Friction between
businesses and
people.
@tdavidson	
  
@tdavidson	
  
xx
@tdavidson	
  http://www.cbinsights.com/blog/internet-of-things-investing-snapshot
@tdavidson	
  
@tdavidson	
  
xx
@tdavidson	
  http://www.cbinsights.com/blog/internet-of-things-investing-snapshot
@tdavidson	
  http://www.truste.com/gb-internet-of-things-index-2014/
@tdavidson	
  
Early usecases
focused on
producer surplus
@tdavidson	
  
@tdavidson	
  
Consumer
surplus will
unlock adoption
@tdavidson	
  
@tdavidson	
  
“How does a smart thing
make it possible to
change the entire
experience and workflow
of a job we do in the real
world?”
Tim O’Reilly
@tdavidson	
  http://radar.oreilly.com/2014/04/ioth-the-internet-of-things-and-humans.html
@tdavidson	
  
xx
@tdavidson	
  http://www.cbinsights.com/blog/internet-of-things-investing-snapshot
@tdavidson	
  
“Smartphone is
the halfway
house of IoTH”
Tim O’Reilly
@tdavidson	
  http://radar.oreilly.com/2014/04/ioth-the-internet-of-things-and-humans.html
@tdavidson	
  
Smartphones
extend the edge
of the network to
humans.
@tdavidson	
  
@tdavidson	
  
xx
@tdavidson	
  http://www.cbinsights.com/blog/internet-of-things-investing-snapshot
@tdavidson	
  
xx
Bureau of Economic Analysis, USA“GDP by Industry.”http://bea.gov/iTable/iTable.cfm?
ReqID=5&step=1, via @schalf http://schlaf.me/post/84227694977
@tdavidson	
  
Services powered
by tech
@tdavidson	
  
@tdavidson	
  
Aggregation is
different, but is
delivery truly
different?
@tdavidson	
  
@tdavidson	
  
xx
@tdavidson	
  http://www.cbinsights.com/blog/internet-of-things-investing-snapshot
@tdavidson	
  
“Early traction at
vertical application
level.”
Matt Turck
@tdavidson	
  http://techcrunch.com/2013/05/25/making-sense-of-the-internet-of-things/
@tdavidson	
  
Silos
@tdavidson	
  
@tdavidson	
  
That use proprietary
standards and don’t
talk to each other.
@tdavidson	
  
@tdavidson	
  
Home security
@tdavidson	
  
@tdavidson	
  
xx
@tdavidson	
  
@tdavidson	
  
xx
@tdavidson	
  
@tdavidson	
  
xx
@tdavidson	
  http://www.washingtonpost.com/blogs/innovations/wp/2014/05/28/meet-cover-the-app-
thats-determined-to-reinvent-the-restaurant-experience/
@tdavidson	
  
xx
@tdavidson	
  
@tdavidson	
  
The“smart thing”is a
dumb sensor
connected to the clever
cloud.
(today)
@tdavidson	
  http://ben-evans.com/benedictevans/2014/5/26/the-internet-of-things
@tdavidson	
  
Consumer surplus
stems from
functionality first.
@tdavidson	
  
@tdavidson	
  
Tracking
people isn’t
functionality.
@tdavidson	
  
@tdavidson	
  
Data capture +
functionality
friction is real.
@tdavidson	
  
@tdavidson	
  
“The only way to
keep user
information safe is
not to store it.”
@tdavidson	
  http://idlewords.com/bt14.htm
@tdavidson	
  
Massive change in
consumer behavior
to change investor
behavior.
@tdavidson	
  
@tdavidson	
  
How we use the
Internet (of Things)
shapes what gets
funded and built.
@tdavidson	
  
@tdavidson	
  
If you want to see
“smart things”,
start by being
smart people.
@tdavidson	
  
@tdavidson	
  
Thank you.
taylordavidson.com
@tdavidson	
  

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