I had a fun chat on CNBC discussing 2021 predictions in the tech and venture capital industry. 2020 was not so much about new innovation. Rather, it was how the pandemic supercharged some of the existing technologies that we always wanted users to adopt. Here are some highlights of my talk:
Enterprise Application
From remote work to online health care, education, eCommerce, entertainment, gaming — all industries shifted dramatically and now conduct business online. We didn’t have a choice and still don’t.
Enterprise Infrastructure
Cloud services, enterprise IT, data infrastructure, and security companies are propelling this shift. Zoom now valued at over $111B. Amazon is now valued at $1.5 trillion with 32% of the market share.
Hardware
Semiconductor chips are at an all-time high demand driven by Nintendo, EV, and PC growth. PCs made a comeback in 2020 with shipment reaching 275 million units. That is 4.8% YoY growth.
IPOs
Over 120 VC-backed IPOs with a combined $259.8 billion valuation.
Venture Capital Deployment
Over $300 billion was deployed with a 4% increase compared to 2019. The top 10 companies raised a combined $13.6B in 2020 from China, Singapore, Indonesia, and the United States.
P.S. I am hosting a Zoom webinar with my partner Alfred Chuang this coming Tuesday on the topic of 2021 Tech Investment Trends & Predictions.
