Do Social Networks Matter?
Max Levchin, Paypal co-founder is a good person to listen to and learn from. Recently, he’s been discussing the lessons of Web 1 and how Web 2 is repeating them.
To his mind, the current crop of Silicon Valley (read: Me Too Social Network) companies are “ . . . too constrained by Web 2.0 conventions: status updating, comments, friend lists, fans, gradient icons, and feeds.“ As you would expect, we completely agree.
Why? Becauase it’s our opinion that as stand-alones, Social Networks don’t matter or more accurately, few of them matter because there’s so much ‘copy catting’ going on.
The level of innovation isn’t there. Instead, it seems most are focused on writing BigCashOut2 instead of something novel or unique. And who can blame them? Take your average 20, 30, 40, 50 entrpreneurially spirited individual, throw all sorts of VC at their latest Facebook/Mobile/Photosharing mashup and for certain, nearly anyone would jump at it.
The missing piece, at least in our opinion, is that virtual doesn’t matter much. It’s simply the vehicle for a better type of interaction. That belief in innovation is at the core of the BusyEvent platform and the Event Bookmarking system.
Example, yesterday we met with someone we would have NEVER met or connected with (geographic challenges) without the social mesh. With it, we were able to connect and meet when her travels brought her to St. Louis.
The point is, that Max is right. It’s the in person connections that matter and further, it’s the ability to meet in real life and leverage that back to your social mesh that matters most. Companies that can foster your online life, help you leverage that on site and then allow you to bring that back to a deeper and enhanced online relationship will succeed. People like meeting people and business is done face-to-face.
Innovation isn’t dead, and our daily focus needs to make sure that it doesn’t get smothered under a bunch of ‘me too’ pillows.
Lest we forget the lessons of Web 1 (it’s NOT about the technology), we’re doomed to repeat them. Good on you Max and thanks for the reminder to not repeat our past mistakes.





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