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App.net has 8,000 paying customers and $550,000 in annual revenue, so I think we can say it already hit critical mass. For App.net to succeed, it didn't need mi
by Samuel_Michon 14y ago
App.net has 8,000 paying customers and $550,000 in annual revenue, so I think we can say it already hit critical mass. For App.net to succeed, it didn't need millions of users, because the company is not dependent on venture capital or advertising.
I also don't see it as a typical social network, but more like a publishing platform for short posts — a mix of a micro blog, link log and photo album. I'd rather compare App.net to Tumblr and Posterous than to Twitter. Also, if readers want to respond to posts, they can do so on their own blog or on Facebook or Twitter. Charging subscribers an annual fee might become the service's biggest strength. I think it guarantees that App.net will attract very little passive users, the ones who sign up will actually use it.
- ryanmerket 14y ago"..because the company is not dependent on venture capital or advertising." -- Uh, yeah it is. They took millions from VCs.
- Samuel_Michon 14y agoI stand corrected. According to Crunchbase, they took $5 million from Andreessen Horowitz. http://www.crunchbase.com/company/mixed-media-labs http://www.crunchbase.com/company/mixed-media-labs
- FireBeyond 14y ago> App.net has 8,000 paying customers and $550,000 in annual revenue Many of whom were backers who were sufficiently curious to pay to get access to / see the product. The real kicker will come at renewal time, and how many of those customers remain.