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VC confab: Please, no more social networks

• tim2 19y ago
  If VC's know so well what will work then why don't they just start the companies themselves? "Social networks", what a meaningless buzzword. VCs: Please, no more buzzwords.
• parker 19y ago
  My favourite part is that they're railing against Web 2.0, yet every single one of them is deep into Web 2.0 investments.
• aswanson 19y ago
  What if it's a social network that people use a lot? Will it be ok then?
• pg 19y ago
  "The consensus here at the Dow Jones Web Ventures conference this week seems to be that the world doesn't need another social network." If this is like the consensus in 1998 that the world didn't need another search engine, you should start a new social network immediately.
  • parker 19y ago
    I wonder if this 'consensus' is a side-product of the knowledge that social networks have low technical barriers to entry and their current horses could be toppled in a relatively short period of time with the right market sentiment. I've said it before -- Facebook is not invulnerable. Especially in their bread-and-butter college market, it is a trend driven industry. Once the number of 'old people' and parents reaches critical mass, there is ample time for a new player to establish itself. And it's probably got the venture capitalists worried. The stakes for Facebook pre-liquidity could not be higher.