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Despite optimism and the promise of mobile software and services, venture capital investment in search remains heavily skewed in favor of internet search. A review of investment deal data in internet and mobile search over the period from 2005-2009 shows that at its highest, mobile search deals represent no more than 14% of the total number of search deals.
The trend over the 2005 to 2009 period can be seen below. If you believe Steve Jobs, investment in mobile search may never happen. In early April, Jobs commented:
On the desktop search is where it’s at; that’s where the money is. But on a mobile device search hasn’t happened. Search is not where it’s at, people are not searching on a mobile device like they do on the desktop.
So is increased venture capital investment in mobile search coming in the future or is Steve Jobs right?
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