Is it just me, or are you also tired of stupid headlines like these:
Today Shareaholic has annouced that it closed a seed funding round that includes investors Edward Roberts (MIT Entrepreneurship Center, Sohu, Dharmesh Shah (HubSpot), Eric Dobkin (Goldman Sachs), Brian Balfour (Viximo), David Cancel (Compete), Andrew Payne (FanSnap), and Brian Shin (Visible Measures Corp.). The company declined to share the exact amount of the funding, but says that it was “a few hundred thousand” dollars.
Isn’t this the kind of thing that some programmer should have coded in their basement in a few weeks, started a website to index and expose the shared content, and plugged in Google Adsense? You rent a server (yes, a single server) on Serverbeach — for a couple hundred bucks a month — at most, and try to get as many links as possible while making the service more and more useful.
Does it warrant a few hundred thousand dollars in seed funding? In my considered opinion, no way.
It seems to be yet another way to share content across Twitter, Facebook and the other social nets. They claim a million users. Thats a lot of toolbars downloaded, but a quick scan of the site shows no nod towards revenue, and no way to browse content that was shared. Free idea… Expose the content that your one million users share into some kind of index. People like to discover new stuff every day.
I like the concept and its a neat tool. But besides being neat, if the guys over there don’t find a revenue source, it will just be a nice way to spend a “few hundred thousand” dollars on the way to the dead pool.
Quick Google Stats:
- Pages Indexed: 147
- Inbound links: 269
- Pagerank: 6