Hi guys,
I've been following news on ycombinator for sometime the crowd on here is quite intelligent so I had something that I would like everyones opinion on.
Is it still possible for a social network startup to make an entry in to facebooks realm? (I always believe that it is not possible for one company to completely monopolize a business) I refer to facebook realm as a universal social network type thing rather than other websites like badoo, myspace (current state), hi5 etc...
If so what would you imagine this social network being able to do and how it should look like, what strategies should use, image and ideal people behind it (major tech guys, university students etc... to get the attention required)
Many people are going to say it's not possible, but let's assume it is even for those people who don't believe in it being so.
Everyone promote this thread, let's get everyones feedback so we can all benefit from the information, I appreciate your responses.
Facebook "basically" gave users what myspace and friendster had + some more in a very nice and easy to use format (even though both companies had largely taken over the market based on our expectations at the time - p.s. expectations change). Is that what a startup can do in this area to potentially "viral" and gain AT THE LEAST 100,000 members? Ex. StudioVZ, Chinese facebook copy etc...
Expectations of a market take over can now be defined as 500 mill members and in 2004 and on myspace was considered at the top of its game etc... you guys probably see what im getting at. But 2004 and now is a huge difference with access to computers, technology and cell phones being extremely convenient so is 500 mill a REALLY BIG NUMBER or Can it get even BIGGER in the future?