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Showing posts with the label Product Development

Social Media Fatigue

Are you tired of using Social Networking Sites? Do you feel that joining a new Social Networking Site like Google + will not add value to you, but only waste your time? Man is a social animal. The successful development of virtual communities that tapped into this social aspect of human beings took the world by storm. The collective power of entities such as Facebook is so huge that it can topple governments like it did in Egypt or build one like it did for Barack Obama. But have we got too much of Social Media? There is a segment of people on social networking sites that is simply sick and tired of Facebook and Twitter. In a recent conversation with a friend he was of the opinion that " People are too Facebook oriented ". Their conversation end with - " And now this goes on Facebook...Please click a pic for Facebook... Their life begins and ends with it. As if their entire existence depends on it or as if their life's goal had just been Facebook-ed. " But,...

What is Groupon? - The next web phenomena

We know about the Self Help Groups and Micro-finance institutions that take advantage of collective buying power. Groupon (groupon.com) brings the same concept to web by offering a sales promotion offer (Coupon) everyday in every city it operates. Before I talk more about groupon.com here are some facts. Its founder Andrew Mason turned down a $6 billion offer by Google (Google's highest offer, almost double of its highest acquisition in history) - Dec'10 It took two years to reach this status and Groupon had net revenues of around $350 million in 2010 ( Founded in Nov'2008 ) Andrew Mason (Founder of Groupon) used to work in web design with another serial chicago entrepreneur ( Eric Lefkosky ) When Andrew Mason Left Lefkosky to go to high school and started working on a project " The Point ", Lefkosky got the word. He went to Mason and told him to draw the outline for "The Point". Lefkosky instantly gave Mason $1 million in seed money and Maso...