VC Fred Wilson: 'Mobile does not reward feature richness'

Fred Wilson states the obvious. "Web is flattish. But mobile is growing like a weed," he wrote in a recent post on his blog.
Smartphone subscriptions worldwide were about 700 million in 2011 and are expected to grow to an estimated 3 billion in 2017, according to a recent report from Ericsson (PDF). Add in mobile PCs and tablets with cellular connections, and the numbers grow from 850 million in 2011 to 3.8 billion in 2017.
But Wilson, a venture capitalist from Union Square Ventures, with investments in hot startups such as Foursquare, Tumblr, Twitter, and Zynga, sees around more