As some of you may know. I’m involved in the very early phases of launching a startup company here in Toronto. We formed the company (not legally, but in agreements) on March 1st. We are going to launch our website on June 1st.
I’ve been writing the application (Rails) non-stop since then and have an incredibly hurried release schedule. My partners have been urgently working on the business plan and getting out the plan to venture capitalists.
Well, last thursday we sent out the business plan, and already we have meetings with over 5 venture capitalists. We’re seeking $1MM in funding.
Anyhow, the good-scary news is that next Thursday we have a meeting with GrowthWorks here in Toronto. That’s when I have to make my technology presentation. Which, not to geek out too much, but its really, really interesting. We’re writing these really cool heuristics to actually *do* something with friending/social networks.
Like, there are sooooo many social networking sites out there, you could get dizzy thinking about it. If you had asked me 4 months ago what market I would want to stay out of mostly because of saturation, its social networking and dating. And, well, we’re kind of doing both of those. Along with a bunch of other features. And, its those “other features” (which, I’m purposefully not revealing here) that make me willing to dedicate my life for the next few months to this purpose.
None of the sites you might be a member of actually *do* anything with the fact that you are friends. The only thing you can do is stay in contact, browse your extended friend network….. and….. ummm…. and….. that’s it!
Now, I will say off the bat. Our individual features are available on like 6 different sites if your merged them all together. We aren’t only going to just slap them all together, but we’re going to use the data from each section of the site to power all the others.
It is going to be awesome.