Why am I not surprised
Social media based sites currently dominate the online space. Even “video” sites such as YouTube allow you to create primary “ports” for connecting with people who share similar interests (i.e. personal profiles, subscribing shared videos, blogs, etc.). When I read a recent issue of CNN Money, I wasn’t surprised that of the top 25 startups for 2007 the first six were all social media sites:
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1. Stumble Upon
2. Slide
3. Bebo
5. Meebo
6. Wikia
Its not until #7 do we see that first “non-social” media site, Joost. Actually, the dominating groups on the list are social media companies, video companies, mobile companies and advertising companies. Very obvious what’s hot and what’s not from those categories alone.
Interesting when compared to a year ago:
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1. Digg
2. Last.fm
3. Newsvine
4. Tagworld
5. YouTube
6. Yahoo
Of course, social networking is still a major theme of last year’s list, but not nearly as dominating. It will be interesting to see where next years big “money opportunities” are. At the moment, all of the various video sites offer something different and compelling (Dabble, for example, gives more control on the layout of one’s video cast). And sites like MySpace, which attract millions of users on a daily basis, are also promoting more video based interactions. The social media/video line is starting to become quite thin. Throw that in with an ever increasing broadband saturation rate (note: both from a mobile perspective and fixed line perspective), and it’s not too surprising. And why not? Tons of people gathered in one spot and with various ways to deliver advertising (read: revenue streams), it’s no wonder the top 25 fall into these categories.
See the full listhere.
