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The greatest platform for innovation ever: trends in VC and MIT mobile innovation
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Transcript of The greatest platform for innovation ever: trends in VC and MIT mobile innovation
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Scott Johnson, Managing Director
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2 OVERVIEW OF NAV
We are early-stage venture investors in Cambridge and Washington DC with a track record of success
§ Helping great entrepreneurs build businesses…
§ That are fund-makers for our investors…
§ Around core investment themes that we understand well.
CEOs/Founders Of Top Performing NAV Portfolio Companies
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The Greatest Platform for Innovation… Ever.
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§ According to comScore, smartphone penetration in the U.S. was near 75% at the end of 2014.
SMARTPHONE PENETRATION: 75%
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5 WHAT ARE VCs SEEING? MOBILE eHEALTH
§ Very hot sector with high valuations and activity levels
§ Started with wrist bands measuring activity.
§ Now more data focused - seeing consumer information, booking and purchase.
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6 WHAT ARE VCs SEEING? FINTECH
§ Mobile payment is unsolved.
§ Cross border remittance – seeing a lot of activity
§ Peer-2-peer is active but maturing
§ Bitcoin – not seeing anything
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7 WHAT ARE VCs SEEING? EDUCATION
§ A lot of “tablet in the classroom” activity
§ Assessment, curriculum development, the entire classroom workflow is on the table
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8 WHAT ARE VCs SEEING? SECURITY
The world is waking up to the reality that your phone is your identity and it is easy to steal.
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9 WHAT ARE VCs SEEING? GAMES
§ Mostly late stage VC – we can’t predict winners
§ Huge engagement, proven monetization.
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10 WHAT ARE VCs SEEING? ENTERPRISE
§ Mobile salesforce productivity and effectiveness
§ Mobile CRM apps
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11 WHAT ARE VCs SEEING? UBERIZATION
§ Find anything nearby, now
§ Local market efficiency
– Neighbor’s vegetables, laundry, you name it…