A Social Network for those fed up with Social Networks ?

Thursday, March 20. 2008

A Social Network for those fed up with Social Networks ?

Sez CNet:

REDWOOD CITY, Calif.--The consensus here at the Dow Jones Web Ventures conference this week seems to be that the world doesn't need another social network.

That's considering that the advertising model for even the largest social networks like Facebook has yet to fall into place--despite that company's projected $15 billion valuation. Or that sites supported only by advertising will get squeezed in a down economy and that venture capital is cooling for Web 2.0 startups. Or, more likely, that some audiences--like CEOs or cat lovers--simply don't need their own social networks.

"If I see another business plan for a social network, I might blow my brains out," Barry Schuler, managing director of Draper Fisher Jurvetson, said during a panel discussion this week.

"It seems like 2000: Everything is the next big social network, even though no one has figured out a real business plan for that yet."

The answer is of course obvious - a Social Network for people who are fed up with social networks to use, to get together.

I mean, these VC's are high net worth guys, they have to be worth advertising to, right

Posted by Alan Patrick in Social Networks at 00:41 | Comments (0) | Trackbacks (0)

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