First Flickr, now del.icio.us. In April Del.icio.us got \”somewhere around $2 million\” in funding for a minority stake. Don\’t know yet what Yahoo paid for it. Company has only 9 employees but has really had an impact in tagging and bookmarking.
Category Archives: Social Networking Watch
Yesterday someone told me that Entrepeneur Magazine published an
article in the July issue on social networking. The author interviewed
me a few weeks ago about how I use LinkedIn.com, and how I require
people who want free business mentoring from me to use LinkedIn.com
before I start giving them advice.
Here is the Entrepreneur Magazine article.
What MyFamily.com Might Have Been
From its conception till now I have firmly believed that the MyFamily.com opportunity is 10 times bigger than the Ancestry.com opportunity.
LinkedIn vs the Big City After Hours Bar
In New York and San Francisco, a lot of business networking happens after business hours at bars and other venues. There are places to go almost nightly, where co-workers hangout together and people meet new people. Back in 1999 one of my MyFamily.com co-workers in particular was the king of San Francisco after hours business networking–he knew everyone at other SF dot coms. Such networking leads to cross-pollination of ideas and deal-making and has a very positive impact on business.
Linkedin Profile Link
I got an email from an employee of LinkedIn.com this week and saw a link to his LinkedIn profile page in his email signature line. I wanted to test a link to my own LinkedIn.com profile before I add it to my permanent site navigation. You have to be a member of LinkedIn.com with \”remember my password\” checked in order for this link to work: Paul Allen on LinkedIn.com.
Hi5\’s Rocket Growth
Today I received an invitation from a friend to join Hi5.com, another social networking site. I just about called it a new site, but it already has 7 million members and it\’s Alexa ranking is phenomenal. I declined to join, because it seems to be about friendship and fun, not business networking. I tried Friendster last year and dropped it quickly.
Fastest Growth Sites Are Built on User Generated Content
One of the most powerful ways to develop web site traffic is to enable your users to share their content through your web site with others–to create community around user generated content.
Many of the fastest growing web sites of all time did this (or do it now): MyFamily.com, eBay, GeoCities, Xoom, Homestead, MySpace, Epinions, Hotshots, LinkedIn.com, Meetup.com, Friendster, and more.
Profitable Content and Community Sites
Intermix Media (MIX) is a hot stock that benefitted today from a great article by Bambi Francisco. I knew this company as eUniverse and tracked it for years along with other massively popular web sites. It was moderately profitable back in 2001, after the bubble burst. And it is moderately profitable again today on growing revenues. One of its properties, MySpace.com, is growing like crazy with its social networking model.
Social Networking Functionality in E-Commerce
More ecommerce sites are discovering the power of community and community generated content. Today Netflix made a significant announcement about enabling its movie-loving users to share their lists with one another.
United Online Acquires Classmates
United Online is paying $100 million in cash for Classmates, the leading service for re-connecting people to their high school friends (in a way, it\’s a social networking site–it just doesn\’t utilize the six degrees of separation theory the way the newer services do).