Last updated on 2/6/20
- Understand the basics of prototyping
- Understand the concept of an MVP
Facebook was not the 1st social network, Friendster and mySpace got some significant traction before. What was the essence of FaceBook win over these earlier entrants?
Timing : people were more inclined to using SN in 2008-2009, than in 2002-2003 when Friendster and Myspace first came
The roadmap of FaceBook, starting from University campuses
The monetization: FaceBook was quicker able to convert users, usage, into an efficient revenue model
Different focus in the social interaction induced by each platform
The huge value of the social graph for FaceBook partners
Why do innovations mostly fail?
Customers who don’t buy ?
Competition, later entrant, substitute who beat you up?
Technology that doesn’t match with market requirements?
Lack of funding?
What is the best base for testing your early prototypes?
Reachable but not close network
Yourself and your ventures early team