Social media is so 2000

GigaOm has a longish cloud computing post around a Peachtree Capital Advisors investor survey (full report is by request only).

I usually don't pay much attention to consulting group reports like this, but there were a few comments that struck me as interesting....

VCs: Don’t mistake cloud computing for cloud opportunity — Cloud Computing News

... tech investors are underwhelmed by social computing: A whopping 88 percent characterized the social media segment (including collaboration) as overvalued....

... The whole big data explosion that most businesses are trying to capture depends on the wide availability of diverse data from many sources, including the so-called Bermuda Triangle of Facebook, Twitter and Google...

... 35 percent of those surveyed said they think enterprise software as a category is undervalued...

By enterprise software they presumably mean Microsoft, Oracle, SAP, etc.

I was struck by the declining interest in social media. That may be because investors figure it's a mature segment (!) and Facebook owns it. Or that consumers are (re)turning to Cable TV.

I think both may be true. When a sclerotic company like Google 2.0 jumps into a domain, you can be pretty sure it's yesterday's news. Consumer tech cycles are viciously short now; fashion designers understand this all too well.

On the other hand, I'm also impressed by how quiet Facebook, G+ and the rest feel now, and "how happy this man looks" (SplatF). By my estimate we're in year 12 of the long depression, and we have years to go. Cable TV has not been displaced, and if consumers have limited time and attention ...