iYomu is now dead and buried – the decision has been made to pull the plug on the site tomorrow. I’ve already posted a little about this but I thought it apt to quote from iYomu founder David Wolf-Rooney – not in order to add salt to his wounds but rather to show just how wrong people can be…
For almost one year iYomu seemed to make the world a smaller place where 100,000 people came together and found a common space where grown-ups could meet, greet, debate and share interests. Yet it is not only people who rule the world, but money does too. We tried, we thrived and then we died
Actually David, if iYomu had been even moderately successful the money would have come – iYomu failed because it was a me-too offering with no real degree of differentiation. Sure you got 100,000 people signing up – but without the $1mill prize (more on that later) I reckon it would have been more like 100. Of those 100k, how many regularly visited? Bugger all I’d bet.
We tried to compete with sites in the US, but without access to the sort of funding they have, it was just impossible. We needed millions to really promote and expand the site, money we just didn’t have
Bollocks…. It’s not about funding, it’s about eyeballs, you didn’t have anything even remotely sticky to gain and retain those eyeballs – so yes its about money but if your product had worked the money would have come.
It really did impact on people’s lives in a positive way.
For Chrissakes man – it’s a social networking site (and an abysmal one at that) not a cure for cancer. I challenge you to identify in any way how you changed people’s lives in a positive way. (Apart of course from the dude that you paid out in lieu of the $1mill prize he was meant to get).
Right – that’s the Friday rant for now….