I just got back from Alex Krupp’s inaugural Swagapalooza. Swagapalooza is a little like the movie theater, or the compact car: it’s what you get when a recession forces people to be creative about what they don’t do.
Here’s what Swagapalooza didn’t do:08.31.09
In April, I decided Yelp would Make It. They’re growing fast (like lots of companies that tank), they’re offering a fun product (like about half a dozen competitors in their own industry), and their users love them (like, oh, everybody). But what Yelp did in April was simpler: they hired Cuil’s former PR guy. Cuil pulled off the PR coup of the decade when they managed to get portrayed as the Next Big Thing for about a week.
That’s the kind of advertising you can’t buy. Which is why it’s too bad they didn’t get their money’s worth. Google deflated the announcement by beating Cuil’s numbers, and talking numbers down. But what really killed Cuil is that you can’t build anything on it. When you’re looking at platforms to build something on, the most overhyped is likely to win. Read the rest of this entry »