11 months ago
Have been researching communities. Haven't found many examples of a community that members love (aka low churn) that also raised VC. Why: VC forces scale fast. For communities, that means "go make 2 good friends this week. Next week do 19. Then next month, 50" Very tough.
A great community, I imagine, grows slow at first. But once it really jives, you start adding new members slowly. Can eventually pick up pace. But once its built, its super, super hard to destroy. Making it a great business.
But community, and maybe even media businesses as well: raising VC I think will have a negative impact to the experience (in most, not all cases). Raising VC for media, that's almost always stupid. Now I think maybe same for communities. Have good examples where i'm wrong?