I was reading the 37signals article on the recent bubble and I got an idea. Is it possible to deflate the bubble with enough pressure that allows it have a more sustainable growth, instead of allowing it to grow without any control?
As they point out the problem in this case has to do with supply and demand. As new and bigger valuations are made, more money enters the valley, and those investors are expecting returns for their investment. When the companies start failing because they are unable to achieve profits or facebook isn’t buying anything else, new money will be cut off. At this moment, any company that can’t make money will die out (Think twitter).
What I am proposing is having some kind of crowdsourced/automatic system to determine the social awareness of a brand/service, and can predict with some level of confidence the future for a given start up. Basically some kind of Standards & Poors for startups. As long investors did indeed trust this tool, the bubble could be maintained as long they had a risk/benefit value associated with the investment. Riskier investments should yeild greater returns.
If Google wins the Oracle Vs Google case about Copyrightable APIs, that means that you can create systems that implement iPhone APIs and sell them? That means that Android, Windows Phone 8 or (god forbid) Blackberry could theoretically run iPhone applications.
This could be the turning point for any one of those platforms.
Everyone sees Facebook as a social interaction network. However you are wrong. What Facebook is its a identity layer on top of the internet. That what gives it part of its value. If you look at their EULA you find that you can’t create fake persons. And lets face it, Facebook solved this problem incredibly well. There isn’t much people today that are connected to the internet without a Facebook account. This allows us to create other services on top of the notion that I’m not talking with ‘a’ person but with ‘this’ person.
Now, last night, while I was in bed I’ve read this post about Path:
It all started innocently enough. I was thinking of implementing a Path Mac OS X app as part of our regularly scheduled hackathon. Using the awesome mitmproxy tool which was featured on the front page of Hacker News yesterday, I started to observe the various API calls made to Path’s servers from the iPhone app. It all seemed harmless enough until I observed a POST request to https://api.path.com/3/contacts/add.
Upon inspecting closer, I noticed that my entire address book (including full names, emails and phone numbers) was being sent as a plist to Path. Now I don’t remember having given permission to Path to access my address book and send its contents to its servers, so I created a completely new “Path” and repeated the experiment and I got the same result – my address book was in Path’s hands.
There are a lot of people trying to create social networks. Path is just another one. I’ve heard about Path since their latest software iteration, 2.0. I never fully understood Path or what it tries to accomplish that Facebook doesn’t do better. The only thing I liked in that app was the interface. Everything else shows a incredible lack of focus. They are trying to combine foursquare, Instagram and in some sense Facebook into an app that I can only access on my phone. This isn’t useful. I’m not 16 and I’m not on my phone all the time. Give me a web interlace for your social network, for the love of god.
Path CEO, Dave Morin, gave a statement saying they were only trying to make it easy for you to import friends. I find this behavior appalling. They are breaking my privacy, they never ask for my permission to do this and the answer given by Path isn’t good enough.
I do understand why copy my phonebook. In a world where everyone in the world has a Facebook account, how can a new start up create a copy of the social graph without users adding each friend? The thing is, they shouldn’t. Your social graph doesn’t matter. I’m not going to keep it up to date. Literally its like trying to make a job seeker application and trying to copy my professional network, but instead of using Linkedin, you are using a detective to find who did I work with. Its wrong.
Stop trying to be Facebook, seriously. They won. We have bigger problems to solve today. Currently Hollywood is getting their shit together and they will try to control the internet. Goverment is seeing that this isn’t just information and can carry the seeds of decent, so they also will try to control it. We need to crush them out of this planet. This is way more important than wasting your time in solving a problems that already are solved. If I want to learn about my friends I know where they are. They are on Facebook.
I’ve just saw this link on my timeline (Thanks Tiago). It describes accurately how crappy we are as a people.
As a country we are a very rich one. He have natural resources, good weather, good cuisine, etc. But everything that sucks in this country is caused by its inhabitants. We are a lazy people, short sighted. I seriously feel ashamed of being portuguese when I see how the rest of the population behaves.
If you disagree with me read the article and try to prove me wrong.