10 things Mary Meeker thinks you need to know about Mary Meeker's Internet Trends report
It's hard to think of a more talked-about slideshow than Mary Meeker's annual Internet Trends report. The document is a nice way for tech journalists to learn more about their beats or to confirm hunches based on all the conversations they had throughout the year that is, without having to worry about "numbers" or "math" themselves.
But it's also a total bore. There are countless images that look like a nerd's dream board, or the kind of nonsense Shingy doodles on an iPad whenever he gets tired doing whatever it is AOL pays him to do. Invite a venture capitalist to play a game of Pictionary, and you'll get something like this report.
The data itself is also suspect. Much of the information is supplied by whichever companies Meeker is discussing -- Snapchat, Twitch, and other companies are essentially having information from their press releases included in the tech media's most revered document this side of a grease-stained Chipotle menu.
And that's assuming there is some data backing up whatever appears on a slide. Just consider this graphic about the Internet's effect on a handful of industries:
That doesn't seem like a legitimate estimate. It looks like someone was just having fun with Domino's online pizza ordering system. A source is provided -- the pizzas are based on Harvey Bell's "estimate degree to which Internet has changed behavior / outcomes in selected sections of economy / society" -- but that's the kind of graphic that gets people fired from their cushy analyst gigs.
None of which is to say this isn't a valuable document. Anyone who doesn't spend all their time reading tech blogs or hearing tech startups talk about how great they are will probably appreciate Meeker's distillation of all this data.
Yet making it through the entire thing is a chore. So here's the distilled list of observations -- you can decide if you've heard any of them before:
- Mobile's huge!
- Messaging and notifications are important
- Drones are, like, fraught with regulatory issues
- Companies are focusing on business' problems
- Uber, Lyft, and the rest also have regulatory issues
- China's an important market with innovative companies
- Let's be honest, basically everything has regulatory issues
- Millennials want training, flexible hours, and bonuses
- Cyber attacks are happening all the time
- Snapchat has vertical videos!
[illustration by Brad Jonas]