iYomu, that “social networking for grown ups” site I wrote about, officially launched today — with US$1M in prize money up for grabs. And I’ve just written an article for Crikey explaining why I don’t think it’ll fly. I also reckon Facebook will win out over MySpace.
My argument in the Crikey article is that the key to success on the Internet is massive, uncontrolled growth. That means attracting a lot of users fast — and then selling out to someone like Rupert Murdoch before it all implodes. The problem is, the very nature of iYomu works against that rapid growth.
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