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I intend to spend next year building just this. The problem I have, which I suspect all similar efforts will face, is how to bootstrap a network like this, especially when your competitors are the social news sites where all your future users hang out.

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I think this is a good time to launch a new news aggregation site. Reddit has "jumped the shark" so to speak and I think there is a large chunk of displaced users looking for an outlet. That brings up the third problem with these sites, how to gracefully get bigger without quality dropping. Of course Reddit did in a sense solve this problem by allowing Reddit itself to be the next solace for displaced people, they just jump down into a deeper/more obscure subreddits.

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