Previous sites died because there was a continual stream of new VC funded initiatives still in the ‘seduce new users’ phase of low-zero monetization for people to jump to. That tap of new, user-friendly sites has been shut off by the recent interest rate hikes curtailing VC funding.
Worried we’ll eventually settle into semi-collusive model we see Cell Carriers and ISPs have. If all 5 major social media sites stay in lock step of monetization, who are you going to go to? And without VC money, what new site will be able to truly scale?
Previous sites died because there was a continual stream of new VC funded initiatives still in the ‘seduce new users’ phase of low-zero monetization for people to jump to. That tap of new, user-friendly sites has been shut off by the recent interest rate hikes curtailing VC funding.
Worried we’ll eventually settle into semi-collusive model we see Cell Carriers and ISPs have. If all 5 major social media sites stay in lock step of monetization, who are you going to go to? And without VC money, what new site will be able to truly scale?