Myspace competitor Tagworld will announce a large Series A financing by Draper Fisher Jurvetson sometime today. Tim Draper and Emily Melton will be joining Tagworld’s board of directors.
This comes just two weeks after news of competitor Tagged’s $7 million financing by Mayfield was leaked and reported by Matt Marshall.
My previous posts on Tagworld are here.
These guys are spammers. I’ve gotten tons of spam from them and so have others:
http://groups.g...26be288f6d9b9ac
No spam yet for me – I had a few errors at sign up, but so far it’s fun, and embraces most Web 2.0 qualities.
Jenn
Come on! A little innovation, please! An insult to funding…what is on here that’s not on tribe or myspace? Is there something I am missing? A niche market? Do the VCs think that people are going to say oh let’s go to tag world now? Mamma mia. they haven’t even fixed what is wrong with myspace.
Myspace is ghetto and thats why it’s popular.
See: http://9rules.c...sign_choice.php
Tagworld is too clean simple web2.0 and while that’s good it wont be popular unless they do something radical.
Derek,
That spam doesn’t look like it’s from Tagworld , but from some spammer using the Tagworld invite format to get people to click his links.
Ariel,
Do the VCs think that people are going to say oh let’s go to Tagworld now? Yes, that is what they think and it’s not that unreasonable. There is a school of thought that says these sites are just fads, and while Myspace is on top now, users of these sites are fickle and will eventually flock to the next cool site. Who would have thought Friendster would have ended up as it has? I’m sure their investors think Tagworld is that next cool site.
Cadence,
It’s more likely Myspace became a success in spite of it’s bad design, not because of it. I think one can apply the concept of form following function in this case. Myspace had the right features, that no one else had, at the right time.
Investments like this are basically a math exercise that has little to do with what’s going on at MySpace, Tribe or others. They’re looking at things like current traffic, monthly growth over the last six months, monthly burn-rate to support the site and projected burn-rate to grow the site. It’s why there are so many dating sites in spite of Match.com being so big. The world is a big place and if you can keep your costs down you can still do plays like this and make money. It’s all about running the numbers…not about design.
must also be a pain here and disagree that tagwork ‘ain’t so clean…people have made some pretty hideously ugly pages just like they do on myspace – and i believe that article you pointed to on 9rules implies that the community is what it’s about inspite of the ‘lack of white space.’ People like to pimp their stuff out. great…and some have horrible taste.
But give them some new innovative tools to play with with that much financing please!
Myspace can be beaten, or at least battered.
But tagworld isn’t the site (in its current form) that will do it.
Anyone ever think it’ll just be something very simple, but diverse with its forms of content? Facebook works, because it is simple. Myspace is a cluttered, technical nightmare. Tagworld isn’t a technical nightmare, but it’s just too much. Feature wise though, TagWorld has it. I’ll enjoy seeing this, as the boys from DFJ know their stuff.
-Jason L. Baptiste
show me the money!
Tagworld is not the next big one…. There niche is slightly off. Think about it….
Complexity targets online gurus, simplicity targets the mass.
Multiple myspace clones getting funded by top VCs is a sure sign of bubble. That too tag something or the other. Remember pet something or the other..
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