Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.


 
Wednesday, July 27, 2005


Fox + MySpace = ??

Some thoughts on the MySpace acq (I think Jeff C. has the best wrapup). First, obviously, the valuation, despite hypergrowth etc is rich (relative to comps). Second, most importantly, and unfortunately I can't say too much on this subject, the reason that MySpace works is exactly the reason that every other social play doesn't.

Smart players, I hope, will see what I mean (and it's not about marketing, come on). Anyone involved in the social space should think hard about the differences between communities and markets - what is it that drives people to exchange social capital? This is what MySpace capialized on, and what it's numerous competitors are still struggling hard with.

-- umair // 4:19 AM // 0 comments


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