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Mobile accounted for 46 percent of all tech investment during the first half of 2016, according to new data from Rutberg & Company (via Fierce Mobile Content), raising $3.9 billion in funding. And consumer apps sector raised more than $1 billion, far outpacing every other segment in mobile. That surprises me because apps are very much like the music business — both are ultra-competitive, hit-driven businesses where marketing and distribution can be as important as the product itself. There are a lot of very attractive investment opportunities in mobile, and consumer apps seem like a high-risk, high-reward proposition.