By now you've likely heard that three leading social media agencies have been acquired by branded community provider Powered Inc
. in Austin. The acquisition is well-profiled
by Jeremiah Owyang on his Web Strategy blog, and I've included a post of my own on MikeThoughts.com
My question for you: what does this mean for the industry? what does this mean for Des Moines?
Is this a sign of things to come? Will the little guy ever survive? There are a lot of companies and individuals working in this space in Des Moines, but will there come a point when we've outgrown the market?
In my mind there will always be room for professionals who understand this space and can help put things into practice for their employer (something SMCDSM can help you with), but I'm unsure of how many providers can be supported. I wonder if we will see similar acquisition moves being made even within our own microcosm in Iowa?
What do you think?