Big congrats to Noam Ben-Zvi and Team Placer.ai
for raising Series B! I am honored to be an investor and part of their journey since 2017. Placer.ai collects geolocation data from mobile devices users, and creates anonymized and aggregated consumer profiles. A super useful tool for hedge funds, commercial real estate, and offline retail businesses.
The pandemic and the forced digital adoption gives Silicon Valley technical platforms a once-in-a-lifetime opportunity to “supersize” their power over all walks of the American life. Similar to how Alibaba came into power during SARS outbreak in China, Apple, Google, Amazon Microsoft, and Facebook have achieved a combined revenue of more than $1.2 trillion. The founders of these tech giants beat Warren Buffet
to the top!
This gap between tech giants, and everyone else is getting wider and wider. It’s mind bottling to think that Jeff Bezos alone is worth more than 1.6X of HSBC and Amazon is 14X bigger than Goldman Sachs by market cap.
On that note, I am excited to host and chat with Catherine Zhou, Global Head of Ventures, Digital Innovation & Partnerships at HSBC today (May 3 6 pm PST) at the FoundersHK Capital Conversation event. Catherine will talk about their startup investment strategies (what, where, and how) to weather the storm and compete with these crazy big internet giant.
Here are the top mobile news this week >
- Statistics - 347 million smartphone shipped in Q1 2021
- Apple - EU wants to reset the App Store
- Apple - 78% margin for the App Store
- Apple - 12.7 million iPad shipped in Q1 2021
- Google - New privacy policies
- Podcast - Making a comeback!
- Ban - Nvidia’s purchase of ARM
- Peloton - Big drop in installs