195 karma · joined August 24, 2007
The Samwer brothers funded StudiVz and sold it for > 85 million Euros.
With the proceeds of the sale, they then invested in Facebook.
Facebook then sues StudiVz.
What about the Chinese and Russian clones?
Badoo has an optional charge as well.
He cashed out ~ $1 million, according to Sarah Lacy's book which she interviewed him for.
Did Zuckerberg pull some douche moves or was he savvy? Would you have acted similarly?
seems to have paid off
http://news.80concepts.com/public/category/science/healthcar...
Why is it that I can't read comments without logging in?
Can we concentrate on the merits of his argument this time?
Linkedin is a slightly different case. It is like a useful business directory.
The next wave will be vertical SN's.(few billion dollar ideas there), and networks with a strong mobile component.
I have started to dump all my entertainment focused social networks. I keep an account on facebook, but only use it to keep track of people. I hate their stupid applications.
http://www.google.com/search?hl=en&safe=off&q=site+b...
http://www.bubblegeneration.com/2008/03/edge-principles-frie...
But I like the article a lot. Facebook now feels like the warm up to something greater. (and probably smaller)
The identity thing is no longer an advantage for them since they opened up beyond schools and coroporates. It is socially engineered toward real identities, but that's all.
My line of thinking was more from the point of view of "fixing things that are broken" as a way to create interesting products.
For example, Youtube was fixing the lack of an easy way to share video online.
It's not the technology, but the community.
How facebook will be replaced.
http://chimprawk.blogspot.com/2007/11/google-opensocial-and-...
http://chimprawk.blogspot.com/2007/11/social-network-transit...
http://www.horsepigcow.com/2008/02/23/social-capital-and-the...
3 million stock
Not sure about the founder split
It now has 58 million....and this is likely to be 100 million sometime in '08.
Hence the conclusion.