Comments on: VC confab: Please, no more social networks

Venture capitalists seem to agree that the Internet is maxed out when it comes to new niche communities for CEOs, coffee enthusiasts, or cats.

[Scabr]

no more social networks

We are only at social networking start.For example,my favorite Twitter even hasn't good search.:)

[WeCanDoBIZ]

Much more to come

I am disappointed to see such short-sightedness amongst the people interviewed. Every social networking niche has been filled? Really?

When researching for the launch of WeCanDo.BIZ I looked in vain for a social network for businesses - few existed. Most chase consumers or, at best, people in business, but as indivuals.

Where most social networks are trying to work out how to make money - with advertising seeming to be the only (and hardly original) option - we know that businesses place a value on new leads. If you can engage them with someone who wants to buy what they have, they'll give you money. Better still if you can get them engaged with someone and then surround them with people they trust telling them how great that business is. Improve the chances of a sale in this way and they'll pay you more money. And all of this is possible with social networking. It's the WeCanDo.BIZ business plan. We aren't doing anything new - we're just taking how businesses would like to operate off-line and using SN to allow it to be done easily on-line.

Don't write the sector off yet. The next wave of social networking is coming and this time businesses get to benefit rather than just college students.

Ian Hendry
www.wecando.biz

[serialceo]

Online Communities - not necessarily social networks

David Hornick has the right idea on the:

"Dave Hornik, general partner with August Capital, countered that when people are given the right reason, they will join a new social network."

Not all networks need to be social and used like Facebook. There are many uses for these networks, especially for business. We can't possibly imagine our members using ExpertCEO like facebook (like poking), yet they can use it to gain insights into complex questions by interacting with carefully screened peers.

Ken Ross
Founder / CEO - ExpertCEO, Inc.