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Mar20
Social Networks and the New Internet Bubble
I landed my first job with a software company during the old Internet bubble in the late ninties when there was more work than writers available to do it. I also lost that job during the dot.com crash of 2001, so when I read Om Malik's piece Social NOTworking today where he talks about the indiscriminate flood of VC dollars flowing towards anything related to social networking, it really struck home.

I'm probably one of the few people who don't use MySpace. I really don't have any desire to network for social reasons. In fact, both my wife and I enjoy the company of four-legged animals much more than two-legged ones. But I do appreciate that it's THE hot property right now for start-up projects that are looking to get their slice of the venture capital pie and therefore would like to underscore a bit of unconventional wisdom that emerged from the SXSW show.

Jim Coudal of Coudal Partners, a Chicago design firm, talked about how his firm chooses their projects. He asks three questions: “Will we be able to do good work? Will we be able to make money on it? And will we be able to learn a little something new along the way?” I love succinctness, don't you?

You can hear Jim's speech, along with Jason Fried's of 37 Signals, by visiting the Coudal Partners site.

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