Post by arfankj4 on Mar 9, 2024 22:16:21 GMT -5
That is a very small stake and perhaps their idea of a return is just the publicity. But the small stake will burn out by December if growth is anything like the claimed rate and at that point a real investment will be needed and more seats on the board will be demanded. The board will need to monetize the membership in whatever fashion ensures a profitable return of capital for the venture fund s investors.
So my advice if they believe Ello is still viable by then is to buy Budnitz out. A social network that doesn t somehow commoditize users like an elephant sized beetle needs a metabolic principle not found on this planet to survive. SG If you want to become big Poland Mobile Number List you can t charge people up front because they ll be reticent to join. You rely on funding from outside sources and then at some point you need to turn back to the users like Wikipedia and say we need your help. You might be somewhere between an NPR model where the service you re providing is good for the user and for society so people donate to keep it going and a subscription model.
Q If someone gave you an unlimited supply of a viable social network what would it look like What would it do differently SG I wouldn t build a social network for the masses because I think that space is difficult to capture given Facebook s dominance and the presence of network effects. Before you go to a party you generally want to know who is going to be there. But I do think there are specialized networks that would generate huge value. Rather than a gathering place you create an exclusive club and the exclusivity lowers the number of people you need and allows you to charge them for it.
So my advice if they believe Ello is still viable by then is to buy Budnitz out. A social network that doesn t somehow commoditize users like an elephant sized beetle needs a metabolic principle not found on this planet to survive. SG If you want to become big Poland Mobile Number List you can t charge people up front because they ll be reticent to join. You rely on funding from outside sources and then at some point you need to turn back to the users like Wikipedia and say we need your help. You might be somewhere between an NPR model where the service you re providing is good for the user and for society so people donate to keep it going and a subscription model.
Q If someone gave you an unlimited supply of a viable social network what would it look like What would it do differently SG I wouldn t build a social network for the masses because I think that space is difficult to capture given Facebook s dominance and the presence of network effects. Before you go to a party you generally want to know who is going to be there. But I do think there are specialized networks that would generate huge value. Rather than a gathering place you create an exclusive club and the exclusivity lowers the number of people you need and allows you to charge them for it.