Chris Nuttall over at the Financial Times:
Mr Wilson, author of the popular A VC blog and a managing partner at Union Square Ventures, said Google had not come up with anything truly transformative that was a home-grown product since Gmail, introduced in 2004. It had relied on acquisitions instead to develop new services.
Wow. Once I stopped and actually thought about it, Wilson is right. Innovation is key in this industry, and eventually, growth via acquisitions can’t keep up.
Mr Wilson went on to question Facebook’s level of innovation:
“What has Facebook invented recently - not the status update, not the check-in… they’ve just copied this,” he said.
Also true.