This trend of social networks turning to shit when investors run out of patience for their returns really sucks. It was bound to happen with Facebook and Twitte

This trend of social networks turning to shit when investors run out of patience for their returns really sucks. It was bound to happen with Facebook and Twitter, and seeing it with Soundcloud (when they already had a revenue stream as well) just depresses me. I guess all "free" services that have investment from purely profit orientated VC's/Angels are bound to turn to shit eventually. But maybe now the service exists and is part of everyone's day to day world, a useful paid for social network could pop up that reaches critical mass. I'd gladly pay a small monthly fee for a non-creepy, no advertising, no privacy invasion Facebook... If all my friends got on board too of course ;)