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Are App.net's Crowdfunders Being Taken For a Ride?

snydeq writes "At least 10,000 people believe in App.net's vision of a messaging platform for Web apps — but it's unclear whether those people will be peers or sharecroppers, writes Simon Phipps. 'Last week App.net reached the milestone of 10,000 users who signed up for a new — mostly yet to be written — social network that looks like an early reimplementation of Twitter. Signing up people to claim user names on an (not vaporware) alpha Web service may not seem surprising or novel, but this time there's a difference: Everyone who signed up for App.net paid $50 for the privilege,' Phipps writes. 'App.net has used the crowdfunding approach, but it's not the same kind of project. While superficially similar — there's an offer of immediate use of its Twitter-clone service and reservation of the user ID of your choice — it's much more speculative. It's crowdsourcing the seed capital for a new venture, crowdsourcing the design, crowdsourcing the testing, and crowdsourcing most of the software that interacts with the venture, all without actually giving anyone but the founder a true stake in the outcome.'"

2 of 95 comments (clear)

  1. That's funny by MusicOS · · Score: -1, Offtopic

    I've had 10,000-20,000 and mine's not vapor ware. These are indirect downloads: http://fileforum.betanews.com/detail/LoseThos/1183618683/1 http://majorgeeks.com/LoseThos_d6176.html the CIA, my mental health doctor, the FBI or somebody is fooling me cause my emails are FBI. Win8 is the nail in the coffin. They deprived me of my chance. God will do justice, rest assured. God is just. Yer fucked.

  2. Re:well, duh! by MusicOS · · Score: -1, Offtopic

    I wroked drywall summers of 88 89. Ticketmaster office less than block from Drywall. Nice job. Xytec looked like a thrown-together building perfect for me--even image processing like I liked. Graphic technologies, totally CIA red team. Wanted me to crack the SHA so we could refill printer cartridges. Now, http://www.losethos.com/ . unlikely I'm on the external Internet.