Why Are VCs Hanging Up on Mobile?
By most measures, the mobile space is exploding. So why is venture investment in the sector down? That’s the principal question I’ll be asking when I moderate a venture panel at GigaOm’s Mobilize ‘09 conference on Sept. 10. U.S. VCs put just over $2 billion into 204 mobile companies last year, down from $2.5 billion invested in 237 such companies in 2007 and $3.3 billion invested in 252 such companies in 2006, according to Thomson Reuters (publisher of peHUB). This year is looking even worse, with just $1 billion invested in 66 mobile companies as of the end of August, according to preliminary data.
3 September 2009•2 mins read
