Some of the smartest people in tech have supported a ton of failures. Every VC on the planet has a long list of "the next big thing" that never went anywhere. I don't necessarily care if some of the "smartest" people in tech are backing it. App.net has raised under $300,000 -- if it was THAT awesome, they would have raised the full $500K almost instantly. Fred Wilson would have just just wrote a check for the whole thing. They might like the idea, but if there was a viable business model there would have been a frenzy if the proposed product was that awesome. I still can't understand how this is supposed to make money. And giving someone a $50 or $100 or $1000 pledge on Kickstarter is pocket change for tech luminaries. They're likely supporting the founders more than a specific implementation. I don't know many people actually salivating over this or else they wouldn't be needing Kickstarter.
More power to the founders, I'm just skeptical because it still isn't clear what this project is supposed to accomplish. It's almost like Occupy got involved in a software project to vent anger over the big companies acting in ways with which they disagree.
Still, good luck to the App.net team. I hope they succeed and I'm proven to be an ignorant Luddite!
Sure there's an anger component, but that's a low blow to call it Occupy. First of all, it's not an aimless protest at a "big company", it's anger about the fact that Twitter became a big company on the backs of these developers, but when it comes to monetize, turning into an ad company and shutting any threat to the ad revenue stream down is always the safe bet.
More importantly, it's not just a bunch of ideologues camped out on a lawn smoking weed. Dalton is making an assertion that the only way to make the service that the Twitter developers of 2006, 2007, 2008 signed up for, is to enshrine it in founding principles. This is because inevitably advertisers always outbid users.
Because of this, of course VCs aren't going to pony up the $500k. There's not that much upside for a VC. But that doesn't mean the service doesn't have value, it just means that value can't be captured the same way a billion-user free service can. However, the promise of stability means that for developers it is much less risky to build against, and they can create much more value. Some of that value maybe captured, some of it not, but just because no one is making a buck doesn't mean there isn't a tremendous amount of value being created.
Finally, the Kickstarter thing is critical to this project because it validates the idea itself. If a VC writes a check that proves nothing, but if 10,000 users promise $50 that is a critical mass right there. It's sort of like how public radio members drive the big contributions. No one is going to pay $50 for an empty social network, but if there are 10,000 quality people there you know there will be at least something interesting on day one.
>> it's anger about the fact that Twitter became a big company on the backs of these developers,
No, I disagree on this. This is not true. Remember, the developers wouldn't even care about developing for this platform if it wasn't big in the first place. Developers didn't make it big. Twitter became big, and developers came flocking in.
More power to the founders, I'm just skeptical because it still isn't clear what this project is supposed to accomplish. It's almost like Occupy got involved in a software project to vent anger over the big companies acting in ways with which they disagree.
Still, good luck to the App.net team. I hope they succeed and I'm proven to be an ignorant Luddite!