The Biz of Coding

Fund Flow for Social Network Aggregators

by Ujwal Tickoo on January 9th, 2008

On December 11, when I predicated that Social Network Aggregation Will emerge as a Killer App in 2008 little did I realize that Funding Flow in this area had already started. Good to find money based validation! Mashable had reported in October 07 that Social Thing got funded for $ 300K which I found via Tod's blog Startup Addict. I am looking for a list of other startups in Social Network Aggregation that got funded or are on the way…Please do leave a comment if you happen to know.

Congratulations to the Social Thing team, which was quite confident about being the next big player by calling 2008 a Wicked Awesome Year!. They obviously had read into the trend much before I blogged about it. Many Slashdot readers commented in favour and agreed with the idea — although CmdrTaco (Rob Malda of Slashdot) had labeled the idea from the "i've-heard-worse-ideas" department (I suppose in good humor). Numerous bloggers actually agreed with me, Geoff Wolfe of Startup Mentality for example. My blog post got saved on Del.icio.us in multiple Popular tag lists such Aggregator, Facebook, MySpace, Social Networks after Katiewray saved it in her bookmarks.

My next best guess: Mobile will play a major role in Social Network Aggregation. Now, Back to Work! :)

Btw: I started an article on Wikipedia for Social Network Aggregation. Please help in editing, augmenting the post and help in improving other areas of the article.

POSTED IN: Social Networks