We are true believers in the potential of the web. Lightweight web services that can be the foundation for large and valuable businesses. Many of these services appear to be fundamentally changing the structure of their markets.
We are fascinated by the disruption underway in mobile applications.Smartphone sales are rapidly ramping and "app stores" or direct downloads are the new distribution models for mobile applications. This is exciting as it opens up a whole new arena for startups to compete in.
We are interested IT enabled services that have the potential to change the structure of markets. We see many plans that claim to incrementally improve the efficiency of an existing company or market. Some of these have pretty compelling economics, but in our view the upside here is capped by the structure of the existing company or market. We would prefer to invest in a business that at least has the potential to change the structure of market.