Andreessen is betting (probably correctly) that people will be much more interested in using a service like Ning than going out and building their own social networking site from scratch. He can monitize on targeted ads and value-added features, and it seems like B (above) is in fact not only happening, but working well!
- "We're experiencing 0.5%+ day-over-day growth of number of networks on Ning, which means that we're adding more than 1,000 new networks per day -- and that's accelerating."
- "Over 70% of the networks on Ning are active, as defined by 'used in the last 30 days'"
A) There will be a couple of massive players (Myspace, Facebook, etc.)
B) There will be a ton of niche players--you already see this with sites that cater specifically to pet lovers (http://www.petcrash.com/, http://fuzzster.com), expectant fathers (http://www.brandnewdad.com), etc.
Andreessen is betting (probably correctly) that people will be much more interested in using a service like Ning than going out and building their own social networking site from scratch. He can monitize on targeted ads and value-added features, and it seems like B (above) is in fact not only happening, but working well!
Ning passes 200,000 social networks http://blog.pmarca.com/2008/03/ning-passes-200.html
Some interesting elements:
- "We're experiencing 0.5%+ day-over-day growth of number of networks on Ning, which means that we're adding more than 1,000 new networks per day -- and that's accelerating."
- "Over 70% of the networks on Ning are active, as defined by 'used in the last 30 days'"