The end of the beginning. 

In yet another example of top-notch content from the a16z team, Benedict Evans posted a video of his presentation at the firm’s annual tech conference. “Close to three quarters of all the adults on earth now have a smartphone, and most of the rest will get one in the next few years. However, the use of this connectivity is still only just beginning. Ecommerce is still only a small fraction of retail spending, and many other areas that will be transformed by software and the internet in the next decade or two have barely been touched.” learn more