It turns out that App.net did it. The Kickstarter project raised $500,00. Enough people believe in a user- and developer-centric platform, advertisers be damned.
So, the work’s over, right?
Hardly. App.net has to overcome the classic open-closed dilemma. Facebook never would have become so massive if it had charged at the beginning. Because of that, it has to now figure out a way to make real money.
In Free (affiliate link), Chris Anderson writes about how an Amazon.com free shipping promotion was illegal in France. Amazon had to charge a nominal fee. The result: dramatically lower numbers.
I love the concept of App.net but how many people will pay $50/year? Enough to sustain a true platform? I have my doubts but wish them luck.
Enjoy this post? Click here to subscribe to this RSS feed or here to sign up for my newsletter. If you know of anyone who wants to buy my publishing company, click here. There's a referral fee in it for you if it works out.