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Reddit is likewise another competitor. I've always looked at many of the subreddits as a potential for different products or a channel to access customers of t
by Johnie 11y ago
Reddit is likewise another competitor.
I've always looked at many of the subreddits as a potential for different products or a channel to access customers of that interest.
For example:
* r/RedditGetsDrawn -- Marketplace for artists and users
* r/SomebodyMakeThis -- Request for product
* r/DataIsBeautiful -- Collection of people passionate about data visualization
* r/IAMA -- Ask Me Anything -- many other community sites have copied this concept.
- heydenberk 11y agoFacebook is 1 year older than reddit and makes 2,000x the revenue.
- untog 11y agoI don't see anyone suggesting that the two are equivalent.
- lowellbander 11y agoI think Johnie sees them as competitors, sips tea.
- Johnie 11y agoI meant that Reddit is another Excel-esque competitor to your startup. Or another way to look at it is that Reddit is your early validation for demand.
- untog 11y agoI don't see anyone suggesting that the two are equivalent.
- pmlnr 11y agoRevenue is not everything. There are things on the internet, old as country roads, operating on minimal revenue, still alive; while younger things which believed revenue is the way to go, are long forgotten.
- meesterdude 11y agoA wonderful little comment.
- 5ilv3r 11y agoYou're a poet, sir.
- 3dk 11y agoExcellent comment. IRC and Craigslist are examples of something "old as country roads" on the internet.
- taco_emoji 11y agoI think they're saying Reddit's another Excel-like competitor for your startup, not a competitor for Facebook.
- aeturnum 11y agoThen reddit is doubly a competitor, because they're apparently stable with 0.05% of Facebook's revenue. Facebook might falter if their financials go south, reddit has no where to go but up. If your customers don't buy your product because they can get it for free on reddit, it doesn't matter how much they pay reddit for it.
- gdulli 11y agoReddit is kind of a dumpster fire though.
- broodbucket 11y agoSo is Facebook. So is anything with users.
- bendykstra 11y agoIt would be more accurate to call r/DataIsBeautiful a collection of people passionate about data visualization + 5.2 million people who were automatically subscribed when they joined Reddit. It was made a default subreddit and now most of the posts are simple line graphs which support a popular opinion or ideology.
- carlosnunez 11y agoEh; Reddit has a huge user base but many of them are cheap and Reddit advertising is more of a niche than a household name at this point. Additionally, Facebook is much much MUCH more interactive than Reddit; most of the users on Reddit are lurkers. I think that something like ~10% of the DAU actually post content, which is really, really low.