Our definition continues to be enhanced as the market evolves, but we define mobile as a computing paradigm. After all, the smartphone in your pocket is a powerful computing device. In the post-PC era, we are connecting to the Internet via always on, always connected devices. Currently devices include smartphones and tablets, but increasingly they’ll include a variety of sensors that we wear or that are embedded in our cars, homes, and appliances that will be connected to the cloud.
We are looking for opportunities where connected devices transform incumbent industries or create new market opportunities. Mobile must be core to the user experience, product offering or innovation. A new experience and set of behaviors must be created. Mobile must also be core to the business model. Finally, we look for synergies with our network of portfolio companies and advisors.