4 ms·

I pity them; gone are the days when someone could pitch "a social network for X" and an investor would raise and yell "shutup and take my money". These days, w

by ccozan 9y ago

I pity them; gone are the days when someone could pitch "a social network for X" and an investor would raise and yell "shutup and take my money". These days, whenever I go to a pitch contest and some poor guy starts with the social blah blah, the jury starts yawning and the participant is quickly dismissed: no one really could explain the business model behind his social network, besides mentioning ads. So, does anyone know how this sports social network is going to earn money?

MichaelBurge 9y ago
> So, does anyone know how this sports social network is going to earn money? If you offer a free fantasy football game and a million players use it, you could probably gamble on sports using the data.
- celticninja 9y ago
  Like starting a social media site isnt enough of a gamble.
- vidarh 9y ago
  The bookies will likely still have better data than you, so I doubt gambling using the data would be a good idea. But e.g. using the data on the teams people have put together and marketing real bets on their real matches to those players and playing on it accordingly ("your player is playing a real match - show your support here", coupled with e.g. "in game" trophies if you win) might b an option.
EGreg 9y ago
The annoying bonus kicker is that the "social" craze wasn't really social. It was people sitting on their computers. That's why ads were the main way to monetize. Real social apps can make a lot of money: * Group Dating * Group Reservations * Group Gifts * Group Rides * Group Dining * Group Trips * Paying for Events * Group Lessons * Group Sports People spend real money on real things. Through your app, which helps them organize. Why not? But now every time I say it's a "social network for the real world" investors yawn and say no one needs apps to be social. That they just have facebook. LOL. When was the last time you used Facebook to go out to dinner with friends?

by ccozan 9y ago

MichaelBurge 9y ago

> So, does anyone know how this sports social network is going to earn money? If you offer a free fantasy football game and a million players use it, you could probably gamble on sports using the data.

celticninja 9y ago
Like starting a social media site isnt enough of a gamble.
vidarh 9y ago
The bookies will likely still have better data than you, so I doubt gambling using the data would be a good idea. But e.g. using the data on the teams people have put together and marketing real bets on their real matches to those players and playing on it accordingly ("your player is playing a real match - show your support here", coupled with e.g. "in game" trophies if you win) might b an option.

EGreg 9y ago

The annoying bonus kicker is that the "social" craze wasn't really social. It was people sitting on their computers. That's why ads were the main way to monetize. Real social apps can make a lot of money: * Group Dating * Group Reservations * Group Gifts * Group Rides * Group Dining * Group Trips * Paying for Events * Group Lessons * Group Sports People spend real money on real things. Through your app, which helps them organize. Why not? But now every time I say it's a "social network for the real world" investors yawn and say no one needs apps to be social. That they just have facebook. LOL. When was the last time you used Facebook to go out to dinner with friends?