Session Description: Whether you’re launching a company, marketing a product or just keeping your head above water, it’s likely that you’re increasingly forced to plot your strategy around today’s new power brokers—Google, Facebook, Apple and Twitter. Does the relative hegemony and power of these companies create a stable, predictable environment for the rest of us, or are we continually guessing what the next chess move will do to our plans? In this highly interactive and thought-provoking segment, Upstream Group CEO Doug Weaver brings together experts from the capital markets, industry journalism and agency leadership to explore the impact of these companies on M&A, marketing and advertising. Are these players permanent fixtures, or are there new power brokers waiting in the wings? And what do you need to know to make the very best decisions in the months ahead?
This session took place Tuesday, April 12, 2011. The speakers:
- Doug Weaver, Founder & CEO, Upstream Group (Moderator)
- Shawn Carolan, Managing Director, Menlo Ventures
- Scott Symonds, General Manager Media, AKQA
- Molly Wood, Executive Editor, CNET.com
I enjoyed the discussion, though I wish there had been more actionable items.
Bullet Point Review!
- Only 10% of Twitter accounts follow more than 50 people.
- What is a tweet worth as opposed to a Facebook news update?
- This curve is pretty similar to any participatory medium.
- 1 in 4 twitter users are African-American, which is sort of the mirrored opposite of Facebook.
- Does Amazon belong on this list instead?
- Already selling more digital books than printed books.
- Many start-ups use their services for storage, hosting, etc.
- $36 billion in ecommerce in 2010
- Who is empowered? They’re more about empowering themselves, not other sellers or users.
- They’ve all built really nice walled gardens. Does that make the web less relevant & by association, Google less relevant?
- When you solve problems, you grow the market.
- You still find all these walled gardens through Google.
- Google is tying bonuses to social media strategy (up to 25%).
- The personal recommendation is the absolute social currency of web 3.0.
- Google should let Groupon and Facebook have their games & get really good at search.
- Is the web less relevant with Facebook around?
- “Control, distribution, & delivery of content is the next battleground.” – Molly Wood
- Clients are more willing to go where good content & readers are instead of the more traditional media outlets.
- NBC/Comcast is just one example of vertical integration where one party own a both the content & the pipe.
- Kinect has reinvigorated some new life into Microsoft.
- Yahoo might have some life left in them.
- AOL? Made some good hires and good acquisitions & trying hard, especially with local & patch, but it remains to be seen.
- Who may end up being a power broker in 5-10 years? Apple may not be as people go towards open source, Facebook & Google may be, but ones aggregating content will be ones to watch. Lots of potential with foursquare. Blogging may overturn.
