Original post by BetaBeat
Soon, there will be no results when we search "wallet" in Google images. (whatsinyourbagnyc.tumblr.com)
Predictions! What do New York techies think will happen to the internet-centric economy in 2012? We asked some smart founders, VCs and members of the startup ecosystem where they think tech, the internet and the New York tech scene are headed in 2012 (assuming the world doesn’t end either due to the apocalypse or SOPA, that is). Without further ado!
The internet, united, will never be defeated
“SOPA and PIPA are both soundly defeated by bipartisan popular support and Congress realizes it shouldn’t tamper with one of the few American industries still creating jobs and out-innovating the world. We in the private sector will innovate solutions for piracy (people will pay for easy access—like Netflix!); the answer is not government intervention that ultimately doesn’t solve the problem and breaks the internet in the process.” -Alexis Ohanian, Reddit, Breadpig and Hipmunk
“2012! The tech community has not really seemed to care much about the upcoming election. SOPA and #Occupy pierced that head-down obliviousness during the last quarter. People will start to care, and not just because Ben Smith is going to Buzzfeed (though that was a signal that, folks, a new market is about to be unleashed). This is the first election year that is truly happening in the age of social media. Hopefully it won’t mean we have to pay attention to Santorum.
“Also! Something very big, or at least highly embarrassing, is going to be captured/disseminated/hive-mind-sleuthed-out/otherwise made horrifically public during this election season. And it will change the game. (Though if it’s that Newt likes to keep his socks on, I don’t want to know.)” -Rachel Sklar, Change the Ratio
New York City rises
“NYC will be recognized with the new distinction as being the world’s “Startup City Incubator” for smart young people to come and build their new businesses with the proactive support of the world’s largest and easiest to connect to pool of talented mentors. Also looks like 2012 will be the year that the growing startup community begins to connect to the underserved NYC communities who needs support to help get their entrepreneurs up to speed. More syndication between angels, angel groups and VCs to fund more deals faster.” -Brian Cohen, New York Angels
“The Facebook effect on NYC tech talent will be a 10 percent lift in compensation for top engineers. Gilt Groupe has a big/surprising exit. Under pressure of thin operating margins, Amazon takes them out (eBay also possible). Marketplaces prove to be superior ecommerce business since no overhead of warehousing inventory.
“$200B online retail market is growing 15 percent per year. 20 percent of that spent on ad tech. Something big is happening in NYC ad tech—maybe just another industry for which NYC is becoming the capital of the universe. Maybe more ad tech startups take root in NYC.” -Dave Carvajal, DavePartners.com
“Deciding year for Foursquare, can it turn on a dime? IAC will continue a mild downward trend. Barry Diller is done. The building is still cool. The tide turns in my ongoing war against The New York Times Company (who no longer have courage).” -Josh Harris, Pseudo.com
“SxSW Breakout App. Foursquare was the breakout app at SxSW 2009. GroupMe was the breakout app at SxSW 2011. Sonar will be the breakout app at SxSW 2012.
“Brett and team are hard at work on some killer features, with hopes to launch a blockbuster 2.0 in time for SxSW 2012. Their team has had an influx of bright, new talent recently and I’ve spent some time getting to know them. Since they haven’t formally announced anything yet, I won’t say any more than this: look for Sonar to crush it this year in Austin.” -David Kay, freelance mobile developer, Xoogler and Startup Bus veteran