Music is everyone’s favorite example of digital disruption done wrong. After peaking at $38 billion revenue more than a decade ago, the industry stabilized last year at $16.5 billion. Now the focus is on digital music GROWTH. 2014 will be the year in which internet radio leads the music industry’s growth.
Harvard Professor Yochai Benkler has a radical premise: cooperation triumphs over self-interest. In a lecture this month in Tel Aviv, he called for cooperation and community as a tool to fundamentally transform business.
Corporate accelerators are a recent phenomenon, both in Israel and globally. Microsoft selected Israel last year to launch its very first accelerator program. The company takes no equity, with the emphasis on business and technical mentoring.
Francois Hollande, President of France, led a delegation this week of 260 senior French executives and government officials to Israel for the 2nd annual France-Israel Innovation Day. The objective was to connect French companies with innovative Israeli startups.
The recent regulatory changes of Obamacare create opportunities and challenges for mHealth and eHealth startups that are worth considering. This post covers the massive changes that are about to take place in the industry and 66 Israeli startups operating in the mhealth space.
Next month, one of the leading European operators is expected to announce a dedicated, Israel-focused venture capital fund. While there is no one-size-fits-all approach to innovation clusters, some telcos are getting a better ROI from Israel than others.
Bloomberg’s World Healthcare Efficiency Index, released last month, makes for very interesting reading. Among 48 countries worldwide, the US ranked 46th. The top four (Hong Kong, Singapore, Japan and Israel), emphasize the role of Government in the efficiency of healthcare.
At Cannes Lions, no one will discuss the most significant disruption to hit the advertising industry since the internet- the transition to programmatic, real time bidding (RTB), except for maybe a few data geeks. Carl Fremont, Chief Digital Officer at MEC (WPP Group’s media buying subsidiary) is one of those Geeks and shared his perspective about RTB, “easily, the most important trend in the digital advertising sector for the next five years”.
Brands spend a fortune on marketing- more than 9% (b2c) and 7% (b2b) of total revenue. Within marketing budgets, the fastest growing portion (+40%) is social media. Unfortunately, a growing body of evidence suggests that garnering LIKES on a Facebook page does nothing to foster community or increase engagement. Your digital agency has been lying to you. The better approach for lowering customer service costs and increasing engagement is to transform your organization into a social business.
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