Episodes un and deux were posted quite a while back. Here comes episode trois. This one isn't actually one of my own posts. It's by Mark Suster. Some of it overlaps with what I said earlier (none of this is rocket science, really), and the bit I agree most with is "VCs want big outcomes". Note, as he makes clear, that not every point he makes is relevant to every single VC out there. There are variations galore, even in a place like Silicon Valley, and even more so in the much more diverse, much less established region that is Asia.
Just saw this great chart from McKinsey (click to enlarge):
I didn't know Singapore's median age was into the 40s! Nor that America's median age was well above China's. It's not obvious to me from casual observation. As a friend once asked me, "Why do people say that Singapore has an aging population? I see plenty of children on the street with their parents." In comparison, one rarely sees children in Japan. But the numbers tell a different story from the perception.
One other interesting point to note is the way the authors have classified the countries. Most countries are classified by their levels of education and age of population. India and China, though, get their own independent categories! That speaks for itself. Another way to do it would have been to separate out urban India and urban China, and lump them in with other parts of the world with similar characteristics. Urban China and India are older and wealthier than the rest of each country, so this could substantially alter the picture.
This chart is from a longer McKinsey report called The World at Work, which is available for free download.
Another great source of this sort of data, visualised just as nicely as this, is the absolutely spectacular website Gapminder. If you're reading this blog, you're probably aware of this website already.
Forget the title of this article for a second. Read this and imagine how FB has set themselves on the road to becoming such a vast monopoly on information that even Microsoft would be flabbergasted at their ambition. I'm not sure competition regulators would be aware what is going on because this isn't traditional competition. ("We don't own the information, we're just organising it.")
Besides, this is all moving really quickly. European competition regulators, who are perhaps the world's most prolific, have only recently turned their attention to Google. I can't imagine they'll think about Facebook in a hurry.
Oh, terrific. "Our own people don't understand our own rules." This now coming on top of news about the MDA's mistakes a couple of days ago and, of course, the several other cases already out in the open for a few months. A wag once said, behind the phony tinsel of Hollywood lies the real tinsel. I wonder what he'd make of this.
My common-sense copyright notice: All original content on this site is copyrighted by the site owner. If you would like to use this anywhere, please credit this site as Greek Complexity at http://www.murli.net/. Please seek permission to use any of this content for commercial purposes. If possible, please also drop me an email at "blogfeedback [at] murli [dot] net" letting me know where I have been quoted (or send me a TrackBack). Thank you.