I have a friend, Frank Gerber, who writes a nice blog called Frankly Green about environmental issues and things we can all do to improve our immediate environments. He has me thinking a lot about my daily routines ranging from driving my car to throwing away trash at our house. In particular, I have been amazed by the amount of garbage that we throw out each week...even more so when I think about all of the houses doing this week after week. I am amazed we can find homes for all of this. So, enough environmental rambling...
I was also intrigued by the Nike+ program where you drop their sensor in your shoe and then upload your run data from your iPod to their community website. You can compete & compare to friends or to random people around the world. It creates social nets around running. It got me thinking about this in the environmental sense.
What if you had a similar type of site for different types of environmental factors. Interested people could, for example, weigh their garbage weekly and post it to a community site. Being environmentally friendly is becoming all the rage and people are competitive by nature while also wanting to be part of community. This would lever all of the above towards a common good. People could see how their consumption compares to other families of similar size. They could have discussion areas where they shared what they were doing to reduce consumption/waste and best practices. You could embed awards and such to this. Since it requires weighing your garbage, it is not overly invasive and people seem to be looking for ways to get green. This is not an investment idea as I don't think the purpose should be economic though you could possible generate some revenue (and donate it).
I believe that it is becoming increasingly difficult to make horizontal "social net" sites work. The barriers are too low and there is too much noise. However, using the learned dynamics of community from the first wave could benefit future efforts that embed social nets into their solution. I see social nets as a tool or enabler and not necessarily a stand alone investment concept.
Anyways, this is the random thinking of a VC...
Matt --
Interesting post. I've seen other posts on social networking recently, and commented on one just yesterday: http://www.venturewoods.org/index.php/2007/03/20/viral-marketing-social-networking/
In my opinion, the success of a social networking site depends heavily on repeat visits, which in turn relies on the need to find people or information (the more targeted/relevant the better). You make an interesting point about having "team" networks where everyone is working towards a common goal or cause. I agree that regardless of the specific application, a successful social networking site is an enabler -- in particular, by fulfilling a real need for finding people or information.
-V
Posted by: Vineeth Subramanyam | March 21, 2007 at 09:05 PM
I like the general idea of using the dynamics of a social net to set up a competitive structure to motivate environmental conservation.
Another spinoff...
A recycling company, on their database, logs total amounts of recycled materials brought in by specific contestants who subscribe to the same green social network. Those running logs could then be posted by the recycling company onto the social network for all to see.
Posted by: Nick | March 25, 2007 at 06:30 PM
Matt,
Thanks for this insight from a VC's perspective. As our firm begins its initial forays into identifying enterprise customers, we will keep in mind these words of wisdom in outlining our progess to our Board.
-Dave Peak
Posted by: Dave Peak | April 06, 2007 at 08:55 AM