Google's acquisition

I found a very interesting image detailing Google's past acquisitions. Too good not to share :)

bets on mobile

Entrepreneurs in technology industry like to make bets. They bet on technologies such as PHP, JSP, ASP/.Net; Oracle Database, MySql; iPhone, Android...They bet on the kind of business to go into.  Perhaps the most important decision an entrepreneur can make is what business to go into.

I recently read Tony Hsieh's book: Delivering Happiness. In The book, he mentioned that the most important decision a poker player can make is which table to sit down. I really agree with that.

In retrospect, I think Tony didn't pick the best table to play his cards. He mentioned that Zappos made $100 Million in enterprise value annually on average. It translates well in to its $1 Billion sale to Amazon 10 years after it was founded. $100 Million a year seems to be a really big number. But when I look at a few companies in the mobile space, I realize wealth was created much quicker there.

For example, Admob was acquired by Google for $750 Million less than 4 years after it was founded. On average, it created about $200 Million a year. Twice as much as Zappos.

After a few months working in the Internet industry, I'm convinced that there're still a lot of money to be made in this industry.