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The dangers of relying on startup steroids

theverge.com

30 points by cienrak 14 years ago · 11 comments

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vergent 14 years ago

I don't know if OMGPOP integrated with Open Graph, but there story is certainly similar.

A mobile app powered largely by Facebook interactions takes off like a rocket ship. In less than month is adds so many millions of users that it gets bought for $180 million dollars.

A company that was in the red is suddenly worth a ton of cash. Cut to a few weeks later, and Draw Something is shedding users like water off a duck's back.

http://www.betabeat.com/2012/05/02/draw-something-decline-om...

  • cube13 14 years ago

    Honestly, I wonder what would have happened if any other company bought them instead of Zynga. I imagine that it wouldn't be dropping users quite as quickly.

    It still would drop users, because the game itself isn't that deep. But I don't think it would be shedding users nearly as much as they are currently.

marcusf 14 years ago

I think I miss the part where Pinterest got burned by Facebook? Seems like engagement just dropped off (and to far higher levels than pre-FB). How's that Facebook's fault in any way?

benologist 14 years ago

TheVerge writing content for HN is not a good sign.

  • brooknam 14 years ago

    Why is that?

    • benologist 14 years ago

      Because they're a rag and if they're allowed to get a foothold here we'll get more of their sleazy summary spam too. If cloning Engadget's not enough for them tough shit.

      • bryanlarsen 14 years ago

        The Verge does lots of summaries, but that doesn't make them sleazy. They would be sleazy if they failed to produce lots of good original content. They would be sleazy if their summaries weren't clearly marked as such. They would be sleazy if they didn't properly attribute & link their sources.

        The Verge tries to be the best single source for gadget news, and they're succeeding, in my opinion.

        Also, the creators of the Verge should be lauded for leaving AOL rather then being scorned for "cloning".

      • sp332 14 years ago

        I like the Verge, and I agree. They rarely make content that I would like to see on HN.

        (Also: they didn't clone Engadget. They left Engadget to do their own site.)

      • bproper 14 years ago

        This isn't spammy gadget coverage, its real reporting on big trends in the startup/mobile app world.

        Don't judge a link by its cover

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