Roger McNamee of Elevation Partners

At the Always On Silicon Valley Innovation Summit today in Santa Clara, Calif., investor Roger McNamee gave a talk spelling out how mobile will win--and Google will lose. His speech was at turns hyperbolic and prescient.

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Speech intro

McNamee calls the new, mostly mobile Internet the "Hypernet."

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Social is over

You can't build another Facebook today, McNamee says. So don't try. He is an investor in the social network.

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The future is mobile. Plus cloud.

Old computer and software makers won't make the switch, he says.

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So long, Google

In particular, Google won't make the transition, McNamee says.

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The new hotness: Apple

McNamee says iOS is the platform that will bring balance to the Internet.

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HTML5 matter a lot, too

HTML5 will bring power back to content creators, McNamee says.

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iPad! iPad! iPad!

Did I say balance? Not for long.

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Windows? Forget it.

Microsoft is toast. The future is mobile devices and cloud services, says McNamee.

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