From Evangelists and Valuations to Enablers and Real Value. When is Your Now?
Mobile changes social from a "check-when-I'm-at-a-PC" experience to one that pervades everyday life. Mobile penetration in the US will reach one in three consumers this year. The explosion of cheap smartphones in 2012 is what will make social part of the fabric of every interaction.
Social 2012 is Web 2000, says Josh Bernoff on Adage Digital Next. Spot on. Similarities are obvious. So obvious, in fact, that it’s worth it to single out some of the key issues. We are again likely to overestimate the short-term impact and underestimate the long-term impact.
First up, there are enthusiastic evangelists. The engaging personalities sharing their visions of transparent, real-time economies, seamless collaboration, the end of hierarchy, you name it. Exactly the kind of people we saw on stages in the late nineties too, perhaps with different style glasses though. Their job is to sell the story before the product, build excitement, and attract first-movers. Thinking back, the key points in the late nineties were not too different from the ideas most talked about in the last few years.
Secondly, valuations rise beyond regular math. As new concepts take shape, early-stage business angels and venture capitalists bet on ideas, technologies and services, drive valuations up, attract later-stage investors, and drive valuations higher up. Winning teams score big in IPOs and acquisitions, those less fortunate write down losses and rethink their businesses. Making headlines of this cycle turning yet another round is pretty much like pondering why there’s a November every year.
Thirdly, there is the critically important role of enabling technologies, networks and devices, as discussed by Josh Bernoff in his brilliant blog post on Adage. In 1999, I was involved in launching an ambitious e-commerce business with a site so advanced that few customers were able to access it. In 2001, I helped grow a mobile company selling b-to-c WAP services so slow and cumbersome it took true dedication to use them. Between 2009 and now, well, we are on the verge, again.
Finally, the services that add real value to their users will eventually gain ground - once the enabling technology is mature enough to attract a critical mass of users. When that happens, evangelists and early-stage investors are already talking about something else.
Few would disagree that the internet revolution and the emergence of web based systems completely changed the way we work, live and socialize. Pretty much the way the early evangelists predicted, only later.
The social revolution and mobile systems will again transform the way we live and our organizations operate, probably pretty much the way the evangelists predicted, only later. With less of a delay, I'd argue.
To reap the benefits, look beyond the surface and focus on the changes in culture and behavior. When is your now?




