The Writing On The Wall
See that blue line on the graph? That represents jobs data for the TV news industry according to Simply Hired. For those of you who don’t know me, I’m a network news cameraman by trade, still clinging on to rapidly diminishing fortunes. The more appealing green line represents job data results for “Social Network”. So as that downward job trend continues across legacy media, I still believe there is tremendous opportunity in social media.
The New Television
About a year ago, I came across an interview with August Capital’s David Hornik. In this interview, Hornik refers to the sum of all of this social media as “the new television” and that “we will see increasingly specific social networks”. Both of these notions really struck me, and in my own post then, I hinted at a venture that incorporated those ideas.
The State of Social Networking Today
Since then there has been a lot of hype about social networking. From that hype has sprouted numerous white-label social networking platforms prompting this article in TechCrunch and this follow-up.
In the second post, Tech Crunch writer Mark Hendrickson looks ahead:
It will be interesting to see over the next few years whether this demand further intensifies as potential customers realize the value of niche social networks, or whether it slackens as people get over the hype surrounding this aspect of Web 2.0.
Many of these companies are targeting large, well-established organizations with deep pockets. Scan the chart and you will see big-name media companies, educational institutions, and corporations
-Mark Hendrickson, TechCrunch
Well a year later the results are in, and it doesn’t look good for corporate social networks. A recent Deloitte study, featured in the Wall Street Journal showed that the vast majority of them had failed to attract people.
One of the hot investments for businesses these days is online communities that help customers feel connected to a brand. But most of these efforts produce fancy Web sites that few people ever visit. The problem: Businesses are focusing on the value an online community can provide to themselves, not the community.
-Ben Worthen, Wall Street Journal
The article goes on to cite some staggeringly bad statistics and is pretty gloomy, but appears to put the blame sqaurely on the corporations, who just don’t get the community spirit thing. Marhsall Kirpatrick has his typically droll take on all of this, pointing to a social network built around a cat litter brand, that is emblematic of these failures.
Social networks where a brand name product is what everyone rallies around are a dumb idea. They are stupid. No one should submit themselves to the indignity of creating a user profile and friend connections based on cola or cat litter.
-Marshall Kirkpatrick, Read Write Web
Hehe.. I like Marshall. 
Kirkpatrick also appears to be bullish on niche market social networks.
Building A Community Around Passionate Fans
As some of you know, I’ve been working on something along these lines for some time with a business partner. We are perilously close to unleashing it upon the social web. We feel we have built the foundation for a strong web community that celebrates the passions of a creative constituency. But simply because we aren’t a corporate site, doesn’t mean that we won’t face our own EPIC FAIL. It’s all in the execution. We have partnered with white-label social network developer, Pringo, to design and develop this space and are currently in PRE-LAUNCH beta. (leave a comment here if you’re interested in taking a look)
What we’re discovering in this pre-launch phase is that the community won’t adapt to the platform, the platform has to be right for the community. As we move forward, we must be able to adapt to the needs of our community or we will share the same fate of many of these corporate social networks. Similarly, those white label social network platforms listed in the Tech Crunch post must have the flexibility and agility to keep up with how people are using the social web, or as I’ve come to call it…”the new television”.
