spring.net — live bbs — text/plain

Net Gain by Hagel and Armstrong (VCs makin' big bucks)

topic 4 · 6 responses
~terry Sat, Aug 9, 1997 (07:41) seed
"Net Gain" by Hagel and Armstrong is a book which presents a theory on how content providers (isn't that what the Spring does?) can make big bucks with web sites. And they insist you gotta make a move now. A key to their plan is the "virtual community organizer" that attracts buyers and vendors to a site focused on the area of interest. For example on the Spring we could start a spring water topic and try and invite vendors like Ozarka, Perrier, etc and get folks into spring water interested. By the fifth to the tenth year, the critical mass accumulated by concentrating all these consumers in one area yields big returns for the website. There's a good discussion of this on Electric Minds at http://www.minds.com/cgi-bin/maslink.cgi/command?content+tom+wealth+2748
~terry Sat, Aug 9, 1997 (07:56) #1
Motley Fool at http://www.fool.com is an extraordinary example of how two writers moved from an AOL forum to the web and have the stock investor community riveted on their site. They truly have gained the attention of stock investors who hang on their every move through comments in forums covering nearly every listed stock. The SEC even investigated them for potential stock manipulation. amazon.com or http://www.amazon.com is doing this with book buyers. They have this community nearly locked in. They started early and have a huge lead over the big guys like Barnes and Noble. You need "seed users" to get the thing started and to attract the voyeurs and "lurkers". And give the users a place for bios and homepage links like they do on Electric Minds and like we'll be doing here soon. Make it easy for the users to get to know each other and feel comfortable together.
~mikeg Wed, Sep 17, 1997 (18:07) #2
I've often thought that the most successful vcs came about as a result of a single-subject discussion. For example, the WELL really took off when the "deadheads" (Grateful Dead fans) were given accounts and their own conference.
~terry Wed, Sep 17, 1997 (20:00) #3
Hmmm, who can we get?
~mikeg Wed, Sep 17, 1997 (20:47) #4
Dunno...that's the thing. Another thing that helped the WELL, I think, is it's location and the fact that it started as a conferencing system *for the Bay area*. Geographical location was important in bringing the community closer together (the WELL meets, parties etc.) and also the fact that the Bay area is so dynamic anyway :)
~terry Thu, Sep 18, 1997 (20:59) #5
I'm doing some local network, I talked to Brigid Shea tonight, and she's a former city councilwoman and local mover/shaker who knows lots of people, she's just getting up to speed on her computer it sounded like. I need to do a lot more local networking, at least one event every night. I also talked to a guy at Apple in Austin who seemed real receptive and said the same thing you just said about the WELL. He thought that being a dial up isp helped the WELL get where it is today.
~mikeg Fri, Sep 19, 1997 (20:43) #6
Yeah, I think the dial-up probably helped too. Even *more* of a communal feeling if that's where you're getting your network access from.
log in or sign up to reply to this thread.