http://www.sethlevine.com/wp/2009/09/vcs-and-social-media Just another WordPress weblog Thu, 09 Feb 2012 17:52:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.sethlevine.com/wp/2009/09/vcs-and-social-media/comment-page-1#comment-19236 sethlevine Thu, 03 Sep 2009 17:34:06 +0000 http://new.sethlevine.com/wp/2009/09/vcs-and-social-media#comment-19236 It’s certainly been interesting to watch. I think one of the key challenges is that the platforms are enablers but not necessarily able to fully reach their monetization potential on their own (for example, other companies are making far more money on Facebook than Facebook actually is…). I’m not sure what continues to drive the “next big thing” movement in social media. The notion that users get locked in because of the power of the network works to some extent (certainly in giving a first move in a specific genre of social media a distinct advantage) but just when you think something’s got staying power there’s  a new form factor that comes along (Friendster->myspace->facebook for example). Continues to be very interesting to watch.<br /> It’s certainly been interesting to watch. I think one of the key challenges is that the platforms are enablers but not necessarily able to fully reach their monetization potential on their own (for example, other companies are making far more money on Facebook than Facebook actually is…). I’m not sure what continues to drive the “next big thing” movement in social media. The notion that users get locked in because of the power of the network works to some extent (certainly in giving a first move in a specific genre of social media a distinct advantage) but just when you think something’s got staying power there’s  a new form factor that comes along (Friendster->myspace->facebook for example). Continues to be very interesting to watch.

]]> http://www.sethlevine.com/wp/2009/09/vcs-and-social-media/comment-page-1#comment-19235 Mike F Wed, 02 Sep 2009 23:05:12 +0000 http://new.sethlevine.com/wp/2009/09/vcs-and-social-media#comment-19235 Hey Seth, what do you think about social networking media in general? It seems to me that they are all going to be one hit wonders when you think of platform. For example, MySpace was great, then FaceBook and now Twitter. They seem to only work when everyone uses the same platform, and when the masses switch, then the last one dies. Again, example, MySpace. It seems fickle. How do you choose a good platform with staying power? Hey Seth, what do you think about social networking media in general? It seems to me that they are all going to be one hit wonders when you think of platform. For example, MySpace was great, then FaceBook and now Twitter. They seem to only work when everyone uses the same platform, and when the masses switch, then the last one dies. Again, example, MySpace. It seems fickle. How do you choose a good platform with staying power?

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