A few of us were sitting around and talking about what market we would invest in if we were to start a company…

In just a few clicks we found:

Cellular News reporting that Converged Mobile Device adoption will Reach 82 Million Units by 2011 (today there are 9.6m WW and 4m in US). IDC reporting that the mobile phone market surpassed a record one billion handsets in 2006 (shipped) and the worldwide phone market continuing to grow at a 2006–2011 CAGR of 6.9% to break 1.4 billion units shipped. IDC reporting that new handsets shipped into emerging markets and upgrade handsets in emerging markets and mature markets are driving growth. Piper Jaffray analyst Gene Munster predicting that Apple will ship 45 million GPS enabled iPhones by 2009. Telematics Research Group reporting that 20 million navigation-enabled mobile phones were sold last year and estimating 500 million by 2015.  Juniper Research reporting “Global mobile advertising will surpass $1 billion for the first time in 2008, reaching $1.3 billion by the end of the year and increasing to almost $7.6 billion by 2013”.   

We also found it interesting that the Location Based Services (LBS) space was incredibly crowded yet no company had cracked the code on the phone…

The next day we were building PointAbout Inc…