Conway talks with Arrington at the Tech Crunch office to talk about trends in the tech industry.
There’s two big trends that we see that are going to become billion dollar industries, one of them is real-time data which would be Twitter and what we call the real-time ecosystem, which is really any company that employs crowd-sourcing or collective wisdom to create this new corpus of real-time data on the web, which is the most valuable data on the web.
He says Foursquare and Quora are also examples of real-time data, and clarifies SV Angel isn’t invested in Quora. Growth in Facebook and Twitter alone is enough to confirm a second trend:
The other mega-trend is that the web is becoming more social…the phenomenon is that consumers are willing to share more about themselves…this phenomenon is growing to create huge commerce opportunities on the web