Takeaways from Mary Meeker 2017

It’s such a treat to read the KPCB Mary Meeker report every year. It gets me out of my own bubble, and opens a window to the world.

We live in a global society and we are all citizens of the world. It’s good to know what’s going on and where the opportunities/threats are.

Global Internet Users = 3.4B. Wow. That’s almost 50% (46%).
Gaming is the most engaging form of (social) media
Gaming → VR → Sports performance gain IRL
eSports gaining — similar traction as traditional sports in millennials. Drives CS
Music, >50% industry revenue from streaming. Netflix, >30% home entertainment revenue.
Expectation of enterprise software mirrors consumer.
Avg cloud apps used / company > 900. Security risk.
Healthcare is digitized, from collection/measurement to accumulation to insight.
Genomics is a growing field and can enable the next wave of biotech.
Over time, best rule of thumb for valuing companies =value is present value of future cash flows.

Engagement. Double screen time from 2008–2016, to 5.6 hrs/day. Desktop stabilizing, growth from mobile. Almost 40% of “awake” time.
Digital ad $ > TV ad $ by EOY 2017. Finally.
GOOG + FB account for 85% of growth in digital ads.
Retail is changing. O2O in the US.
USA, balance sheet not looking good. Immigration drives technology.

Non-SOE almost reaches 50% market cap
Tencent dominates mobile time spent. >50%. Next up Alibaba, ~10%.
Online entertainment revenue almost caught up with US. Gaming revenue > US, #1 in world.
On demand trips (cars + bikes) #1 in world, ~67% global share of trips taken.
Bike sharing, +100% M/M user growth.
Mobile payment GMV $5T US. +2x Y/Y. Driven by low interchange rates.
JD, 91/58% orders delivered in 2d/24hr

China

Global