It seems that every other day there’s a new social network — or at least, new to me — and I’m left wondering just how many more social networks the world can cope with.
Seems like those with a lot of money (i.e. not me) to invest in such businesses agree, if the consensus at the Dow Jones Web Ventures conference this week is anything to go by.
“If I see another business plan for a social network, I might blow my brains out,” Barry Schuler, managing director of Draper Fisher Jurvetson, said during a panel discussion this week.
Is the mental image of venture capitalists committing suicide in gruesome ways enough to stop web developers rolling out yet more ways to connect with people you’ve never met and share too much information about yourself?
Probably not, but we can hope.
Of course, everyone seems to want to develop niche networks now. Facebook, MySpace, Bebo, and the like are all very well, but how can they possibly get to the same personal level as Starbucks’ new network (for caffeine junkies, presumably), or dancers, dieters, shoppers, or even the terminally ill… no really.
VCs already think that the market is saturated, and that consumers simply won’t want to keep adding their details to a score of new sites. Presumably the big three will be very happy about that.
(Via CNet News)