James Hong: Enough with the Facebook/Friendster analogies...

[brett]

http://james.hotornot.com/2007/04/enough-with-facebookfriendster.html

[nostrademons]

I'll take that bet...

[paul → nostrademons]

Which bet?

[nostrademons → paul]

"In 5 years, i predict that the facebook will be a public entity, and easily a multi-billion dollar company... and that valuation will be justifiable based on actual business fundamentals, not on hype."

[schoudha → nostrademons]

This might be true but it definitely won't come through CPM or CPC advertising. Facebook needs new methods of monetization (i.e. gifts, sponsored groups, user data).

[paul → schoudha]

"Definitely" is a strong word. Monetizing this isn't the hard part -- being an important part of people's lives is.

[schoudha → paul]

Great point, getting users is the tough part.

[run4yourlives → schoudha]

That's what he's saying... he'll take the bet.

[paul → run4yourlives]

But at what odds? :)

http://paulbuchheit.blogspot.com/2007/03/how-to-be-right-90-of-time-and-why-id.html

[timg]

Was thinking the same the other day.

Someone needs to slap those PR writers back in line.