I agree right now, but I've learned to suppress my initial reactions on these things. I thought Facebook had basically exhausted their niche in early 2007 and there was nowhere to go for them, and that's turned out to be pretty false. Only time can tell whether a startup ends up becoming another Facebook or another Digg.

It's not really where you are now that matters, but where you end up going. And Drew's a really smart guy and maniacally focused on his company. It's quite possible he sees things about their market that we don't.