My really successful, unfundable, piece of shit startup I hate to love
twicsy.tumblr.com
twicsy.tumblr.com
But this blog post was awesome, raw, and captured something that so few of us can really relate to.
Dude grinds for 10 years, keeps grinding, doesn't know where to go but will probably keep grinding.
"Twicsy, you son of a bitch. You frustrate me so. I love you, but oh how I hate to love you."
Shine on, buddy. Best of luck!
Maybe OP should try to publish an ebook on his 10 year adventure?
Kudos to the author, best wishes for the future!
Maybe not the ten years part, but I imagine that a decent number of people here can relate to this (i.e. working on a startup for awhile and having a love/hate relationship with it while it is not yet a financial success.)
4chan is only one month older. It's like we're cousins.
How many of those do you sell, anyway (if you don't mind me asking)?
But, I am happy to be considered your cuz, even if it's the one you always beat up and lock in the shed.
Though ultimately I think those kinds of projects are also the ones that often lead people to massive success too, because a lot of projects that are eventually successful takes long enough to get there that you'd give up if they didn't have that seductive effect.
The problem, of course, is figuring out when enough is enough (though the absence of commercial success is not necessarily a good yardstick, if it's still fun)
You're clearly smart and connected. You've built sites this successful before and probably will again. Why not make something which matters rather than aggregating hashtagged selfies? There's more money in things that matter and they are frequently more rewarding to work on.
But, I am already working on the next thing and we have generated more revenue in the last few months than Twicsy/Dumbfind/Searchles did in 10 years.
Care to share what you're working on? Or at least what process led you to the new project?
I'm totally stuck in this regard. So much so that I've begun to hate myself.
At a minimum, you're providing a service to thousands of people and sheparding a product through its lifecycle. I don't know if working on Twicsy will have any real influence on your future work, but following its story seems more valuable than dropping it to "pivot" off in some random trajectory.
This I cannot comprehend. Compared to the drugs I have gotten off and the potential surgeries I have evaded, what I am currently doing is a pleasant picnic. But trying to share that info has gotten me mostly open hostility. So I took the site down.
You shouldn't ever have to feel guilty or alienated when talking about your health.
I don't expect to ever get the Nobel Prize. I mostly get called crazy.
EG - I can't figure out how or why 6m uniques would show up here, or what they're doing.
And that's not an insult, I am curious - are they looking for discovery / trends? Are they looking to see all the latest pics of a user? etc?
Those are dramatically different user segments / values.
You've got a bit of a 31-flavors UX where I can do a lot, but as a result wonder if you could massively pare this down, improve focus, and discover monetization through understanding what people actually use it for.
Agreed, the UX/UI is terrible. One big problem is that I am a terrible web developer, I am really just a back end data guy that knows enough to be dangerous on the front end.
But that's part of the reason why I think it has much more potential. The site gets a ton of traffic despite its obvious flaws. If I had the funds to do a redesign and even execute well on the basics who knows what could happen?
My portfolio is at madebyargon.com
On a related note, I also do free designs for open source projects (eg. vlc, ack). So if your have an open source project that you think could benefit from design, feel free to get in touch with me.
Working on such project helps me not just get my name out there, but also lets me learn a lot more than I can in commercial projects, since I usually get more creative freedom when I'm contributing my time rather than being paid for it.
We got a huge amount of traffic via SEO, and lots of long tail traffic (e.g. we'd come up first for a huge number of zip codes). A big problem with our consumer site was atrocious bounce rates: Most people clicked through out of curiosity, looked around on that single page or maybe one more, and left never to be seen again, because we did a really poor job of hooking them unless they happened to be looking for classified ads matching that particular long tail term, which few were. We should in retrospect have treated those visits as someone watching an ad for our site, rather than as a conscious visit by a user of our site, because most of our traffic was from people who likely did not even realise what the site was about by the time they clicked back or closed the window.
A big part of the challenge for you as well, I think, is driving down bounce rates and challenging those users into other parts of the site and to repeat visits by helping them "get" what they can get out of the site other than 15 seconds of looking at that one image.
If I was you, I'd segment users hard on referrals vs. direct traffic and cookied vs. uncookied (assume first time visitors). First of all, are you earning any money on those first time referral users? If not, that gives you total freedom to experiment. But regardless, subject the first time referred users to an absolute battery of segmented tests (A/B or multivariate or whatever scheme you're comfortable you can analyze results from) with pretty much the sole purpose of figuring out how to get more of those users to visit more sticky pages. Especially if people are coming in from long tail searches, I think you'd be better focusing on turning them into users than "drive by" assaulting them with ads like it feels like the site currently is doing.
E.g. consider imgur. Consider users coming to imgur pages from Reddit (consider your specific traffic sources, and whether or not you can do anything "special" for them)- not only do they get an interface to navigate that in many cases are more convenient than continuing to browse the equivalent image reddits, but you can even go to imgur.com/r/someimagereddit (e.g. http://imgur.com/r/pics) and get all the pictures from that subreddit in one place. It's seductive. Then there's ability to comment. The image pages themselves are extremely clean. It's seductive.
While if I get to your site from Google search results (say by entering "twitter babes" and going to the image results - I tested, it gives a Twicsy result high up, in between the porn), I need to go below the fold to even realize that there are related pictures, and there are no "niceties" like being able to use cursor left/right to move through a "gallery", or space to enlarge the image, as on imgur.com (if there are on Twicsy, I didn't notice them). What is there is massively distracting ads.
Imgur is teasing people in when they hit it for the first time, making it very tempting to click one more image, while your site is pretty much bunching people in the face with ads, which makes it hard to even discover the potential.
1. It would increase engagement with users. I think they would finally understand how Twicsy could be an interesting daily destination because they could just focus on their topics of interest.
2. It would allow us to more easily control the content quality and guard against porn, which would hopefully get us back into the good graces of top tier advertisers, and allow us to target said advertising more easily. For popular verticals we could do direct ad sales which would be >100x more lucrative than the crap we serve now.
3. I think it would facilitate media partnerships. I don't want to go into too much detail here, but I think that if number 1 holds true that we could land partners for popular verticals.
The problems are that I basically ran out of time and money to be able to execute on this. I need money for a complete redesign to shift the focus to the topical verticals, and I need more time to execute on the back end tech to fill these verticals (maybe 2 months). I didn't need a ton of money, but even in this "easy time to raise money" I was unable to find an investor. I think the biggest reason for this is that I don't have a well rounded team in place, so part of this year I spent looking for a partner to focus on the business side. I was hoping I would meet someone that saw the potential as I did and believed we were right on the verge of something big. But I never found that person.
On repeat visits, yes the number of people that visit us just once is quite high. 5.8 million of the past 7.6 million visits were just one-timers. But there were over 350k people that visited us 9 or more times last month. And there were over 35k people that visited us 201 or more times. So that gives me reason to believe there are some real Twicsy fans out there! And, as I repeatedly say, we are succeeding despite the glaring drawbacks and problems with the site. Imagine if it wasn't such a piece of crap!
I bet this is your main problem. Having experience with a site which has similar numbers (less in fact), I was surprised to know that you are able to generate only so much, as to cover hosting expense. And on that related note, which is another "top tier advertiser" network other than Google's?
The only other reason I can think of is you having a very high bounce rate, something above 90%?
Sorry, for being (inadvertently) blunt. But this is my area of some experience and also interest.
You've basically invented Instagram for Twitter here and don't seem to even realize it.
Please do your users a favor and apply Twitter's Bootstrap to the site ASAP, its really not that hard, you've been at this for 10 years, might as well learn a little HTML CSS you've come this far.
1. "Personally, I’ll take the third position – I’ll assert that market is the most impor- tant factor in a startup’s success or failure. Why? In a great market – a market with lots of real potential customers – the market pulls product out of the startup. The market needs to be fulfilled and the market will be fulfilled, by the first viable product that comes along. The product doesn’t need to be great; it just has to basically work. And, the market doesn’t care how good the team is, as long as the team can produce that viable product."
So, while I get your point that an interested audience propelled the site to great use without much work at all, that's not the whole equation, not even close.
For example, get them out of the sidebar and make one banner in line with the content between the navigation and the pictures. Basically get rid of the rest.
Also, have you considered selling ads on BuySellAds.com? With that amount of traffic you should make decent money on a CPM or monthly basis.
I contacted BuySellAds a while back and they passed on the opportunity. They said their target audience doesn't line up well with Twicsy. Or some crap like that :)
Here, in quick succession you first suggest that you have very little ability to change the UI because you are a bad developer, then quickly follow that up with a confession to somebody who wants to give you money, that you've made it annoying to contact you because you don't want spam.
I'm trying to be helpful here, not trying to be an a$$, and I understand that you're frustrated with your current situation with Twicsy and your generally long-challenging experiences making a mint with your startups.
However, take a deep breath and realise you've done 3 times what so many have failed to do even once. You've launched 3 products which have seen some manner of success, two raised rounds of financing, and the other has a good volume of traffic. Give yourself a bit of credit on the positive.
Now the negative.
It is said time and time again, execution is everything. You should know that. I just took a look at Twicsy, and honestly the design isn't that bad, but it could use a touch up. If you aren't good at 'web development', get somebody to help you. I'm sure you can find a local developer who would like to have twicsy on their portfolio, or spend a few bucks and get it done.
Secondly, make it easy for people to advertise on the site. If you are going through an ad network, you're not doing the work anyway or put up a contact form on the site, or even put your e-mail in your HN profile. You want to be a success, ABC/S/whatever. You're missing opportunities where people want to give you money, and if you're missing those opportunities, I assume you're also missing opportunities to sell.
The 'build it and the money will come rolling in' days are long gone. Nobody is an overnight success, particularly those that make it look easiest. If you want success, you'll have to work for it. Or else, you'll have to settle for telling everybody about your 'almost successes'.
As I said, I hope this isn't coming across poorly, as I'm truly trying to help you, this thread just made me make a bunch of assumptions about you, and if I'm right, hopefully it will help you or somebody else.
You've struck a nerve with me here, which is why my writing may have a tinge of hostility, but maybe a small crack of the whip will wake you up to your current opportunities and how you can seize them. All the best.
B. Getting somebody decent to help for equity is hard. I have been at this for many years, of course I have tried that. Spend a few bucks and get it done isn't helpful because I am broke.
C. I think I work pretty hard!
D. My email is in my HN profile. Many others have contacted me already.
E. You assume too much!
[I edited out my negative tone. I was originally annoyed by your comment, but as you said, you are trying to help! Thanks for your feedback.]
* Follow the 4chan's method. Add captcha to search and offer captcha bypass for $15~ per year
* Make iOS / Android app, sell it for $1.99~ (you can make it with HTML/Javascript via PhoneGap)
* Offer API for affordable price
and please change current website design, make it simple and cleaner (Twitter Bootstrap is nice for that job and it's easy to learn)
- Site could be improved a lot for mobile. If you get a lot of mobile traffic, which wouldn't surprise me, I'll bet it massively underperforms desktop traffic on site engagement and ad revenue.
- You need to A/B test your ad locations a lot more. The locations do not look particularly good to me, but then again this does depend a lot on how most people interact with your site (which likely isn't starting at the homepage).
- More ad networks isn't always better. Are these ad networks actually outperforming adsense? Are you banned from adsense?
Edit: Ignore these two below, thanks jim-greer. Twitter is in fact hosting the images!
- (ignore) You probably could compress the big images more to save bandwidth. I don't know how big of an expense your edgecast bill is, but I'll bet you could cut it down by a lot.
- (ignore) Additionally, fix the cache headers on your images (change them from max-age: 0 to cache forever -- they look immutable). This will immediately lower your edgecast bill by a little bit and really help performance.
He's not hosting the images, Twitter is.
Yes, I am banned from Adsense, and just about every top tier ad network. There is a certain amount of porn on Twicsy (maybe 10% of overall traffic, nothing earth shattering) that makes it unsavory to many advertisers. Despite aggressive filtering in place to stop serving top tier ads on anything that might possibly be objectionable, and removing 10's of millions of pictures, it seems like every top provider has blacklisted Twicsy.
I'm not sure how helpful it might be (false positives and what not), but it could help give you more numbers to quantify whats going on?
[0] https://github.com/FreebieStock/PHP-Image-Pornographic-Conte...
My gut says I would probably at least triple revenue if I could serve Adsense. Which would be enough to pay myself a bad salary while I continue the fight.
I put Admob ads and suddenly revenue started zooming. My app will not scale beyond a point. It is unfundable. It is really crappy technology (basically a static website put as a webview) but it gets hundreds of installs every day and touching "thank you emails" every day.
Also, a sneaky, probably short-term idea for making money is to have sneaky affiliate links with misleading anchor text like "Click to see the image", and point the affiliate link to an Amazon product page or something. Probably an easy few thousand dollars per month.
Definitely looking into SAAS as my next project.
EDIT: Must be the traffic, but these days that's not (that) impressive if there's no revenue model around it. That said, I'd love 6 million users/month.
EDIT 2: downvotes? I guess funding = success still around here, huh?
TRAFFIC
A brief glance at alexa (I know, I know...) shows the source breakdown of his traffic:
http://www.alexa.com/siteinfo/twicsy.com USA (17.5%), India (13.4%), Indonesia (11.3%), Japan (4.1%)
More interestingly, it lists some feeder pages, and there's one interesting one:
http://answers.yahoo.com/question/index?qid=20090722010355AA...
Which contains this answer:
"Bonus - This is an easy way to include pictures you have uploaded to Twitter in an easy and automated fashion. Go to http://twicsy.com and type in your twitter username. You will see all of the pictures you have uploaded through twitter. Now scroll to the right and click on the 'RSS' button. Now you can use this automatically updated link of your tiwtter pictures."
RSS FEEDS
So... since people can use twicsy to find all pictures on a certain hashtag topic ( http://twicsy.com/?search=%23cinderella ) or from a certain user ( http://twicsy.com/u/onedirection ), they can include these in their own sites as RSS feeds, thus contributing to his overall server traffic, but perhaps not actual visitors.
BANDWIDTH
He does not actually seem to host (all/any?) pictures himself (i.e. little bandwidth), but wraps twimg.com files in his own RSS tags, adding links to his site.
TRAFFIC 2
By the way, his assertion of 6MM visits a month is reflected in the quantcast numbers:
https://www.quantcast.com/twicsy.com#!traffic
DEMOGRAPHIC
Also, pretty interesting affinity sites and demographic (younger males, no kids, not wealthy, college educated, more than avg african american and hispanic visitors) with a strong affinity for O'Reilly Automotive (perhaps not very similar to the audience of this site, hence virtually unknown)
https://www.quantcast.com/twicsy.com#!demo
GEO
Geo findings of Alexa seem to agree with Alexa, though strangely enough, India is missing from the top countries. Quantcast claims only 56k unique cookies from India. Perhaps someone one is using his site and responsible for a lot of the Alexa 13.5% ?
https://www.quantcast.com/twicsy.com#!geo
MONEY MONEY MONEY
If my theory of above average RSS traffic is right, only he can tell, think he could make more money if he inserted some adverts into his RSS feed. Not sure how well this would go over with Twitter, since he's not doing (most of?) the image hosting.
I also get the feeling something is amiss. The Alexa and Quantcast numbers are significantly out of whack (13.4% of all traffic from India, yet only 56k unique visitors) strikes me as odd. He may be spending a bunch of money on servers whilst others save money on using them as a tool.
On a personal level I find the design very unattractive and out-of-date, which may prevent the site from becoming much of a destination and could be linked to the 60+% bounce rate. If I were him I would figure out what competitors do ( like twitpic, which according to compete is an actual competitor: https://siteanalytics.compete.com/twicsy.com/ ) and take it from there.
Access to actual analytics could provide more ideas for money-making (or -saving).
Unique Visitors 6,461,357
Visits 7,592,870
Pageviews 28,461,178
Avg. Visit Duration 00:02:07
Geos
USA: 1.6m visits Indonesia: 687k Japan: 569k not set: 513k UK: 369k Mexico: 261k Turkey: 247k France: 232k Germany: 213k Spain: 185k
And an amazingly long tail from there. So that is definitely part of the problem when it comes to monetization. There are 120 different countries that had more than 1000 visits in October.
-----------
I do not actually believe that rss produces a significant amount of traffic for Twicsy. I don't see any evidence in the stats it has much of an impact at all.
I feel something is missing in this story...
Google has very few sites linking to yours (~35 pages, mostly garbage pages), reports a huge number of indexed pages, but actually shows very few. Why? Hummingbird update or something else?
A search for Twicsy links in twitter finds hardly anything, except the site name in combination with a link to http://po.st.
You have 30k followers on Twitter, quite a few but not humongous, so your top trend tweets won't generate major traffic. 24k on FB, but most status updates get little or no comments, likes or shares.
I see a bunch of twicsy-'hosted' images on pinterest and tumblr. Most PG-18 search terms on your site are blocked, but when I do a google image search or twitter search, quite a few, I'd say 1 in 20 are of an adult nature (which perhaps doesn't help in terms of getting advertisers).
Is the real reason for your success & traffic really... pr0n?
Edit: One of the reasons I ask this is the source of your traffic. Would visits to your site allow Indonesians to bypass their 1MM site pr0n filters?
The TechCrunch article in 2009 criticised the website for being creepy http://techcrunch.com/2009/06/19/twicsy-is-a-killer-and-kind...
"As you might imagine, this service pulls up a lot of slightly personal pics, such as couples being all cutesy together. Since you don’t know any of them, it’s slightly creepy. But hey, if they don’t want those seen, they shouldn’t be sharing them over Twitter in the first place."
I would bet the top search on google is something simple porn related like "sex" similar to Twicsy. But that doesn't mean google is a porn site that no one should advertise on.
As you indicate advertisers have a major issue with it. The site being what it is, a search index of unfiltered twitter picture streams now hosted on your servers, you probably can't prevent it either… Severely impacts your ability to make money on it, unless you were willing to go over to the 'dark side' and get 'content-relevant' advertisers… (don't ask me how they make money, it's a mystery to me, I've never paid for it)
The problem with "going to the dark side" is that I would be serving porn ads to all the Justin Bieber and One Direction fans in the world as well as the porn hounds. That would just be plain wrong.
You may want to rethink the ads on the home page. Text link below the banner center, remove the image boxes. You should be getting at least $3-4 per 1k imps. Maybe dropping the 'no ads when sign in'. Show ads to everybody, but very few ads. 1 per page, maybe 2, but that's it.
I agree with moving the ads though. Users who've shown enough interest to click into a page might be more amenable to target advertising.
I only say this because your current ad placement is kind of annoying and intrusive (especially on the content detail pages), yet they seem to be placed in some of the worst places to actually generate clicks. Of course, I don't have specific data or testing from your site to back that theory up, but if your site follows the trends I've seen in other sites this is certainly the case.
Feel free to reach out to me at the email address in my HN profile and I'll help you get them placed right/help you test out placement to start generating some real revenue. 6 million uniques is nothing to turn your nose up at, and it should be enough for you to make a living off of quite easily.
Have you considered non-ad-network revenue sources? What about running affiliate offers?
I used to make 4 to 10 times more as a publisher with affiliate offers than adsense or other ad network placements. I don't affiliate (or publish) enough now to know if that would still happen or not.
A quick idea for an affiliate test, although you may have already tried this:
Given 6MM+ uniques/mo, and a somewhat adult-oriented audience, you may have a decent opportunity to push native ads with affiliate offers toward dating sites, event-themed sites (costumes for halloween trends), and more.
Native ads could be custom, animated banners you create and fill the first, second or x picture spot in your search or tag results. Does that make sense? Your banners would be 100px x 100px on your home page and fill a standard picture spot or two or five instead of the images that might ordinarily go in that space, 150x150 banner ads could fit in well in random places on your tag image pages, etc.
Also, advertisers might like to participate in native advertising on your website if the opportunity were available.
Good luck!
1. Keep it running, keep it free, and use it as a "Bullet Point" project to increase your perceived value on other projects that have the potential to monetize more successfully
2. Go the complete opposite and just start charging money for it, and see what happens. Of course you risk losing traffic and/or the whole thing imploding, but you never know until you try
3. Just scrap it and re-use the Tech to build a different product that is focused on a niche market that you believe can monetize better. Perhaps News related businesses that would find value in an easy /easier way to find Images for the stories they write
I'd be curious to see some information regarding the number of ad impressions/clicks too. The only ad on the homepage is way at the bottom (I think).
But recently there was a large tanker crash near where I live. The truck had exploded, and there were lots of people killed and hurt.
I wanted to see some pictures, but one hour after the incident the story was not (yet) on the TV news. So I turned to twitter, and using the standard twitter search, I found a few ransoms photos of the incident.
What I needed was a better way to search twitter for photos, with a specific tag or time frame posting, and perhaps even a geographical filter too (since the incident was at a specific place).
I'm sure other people would find this useful, especially when large events unfold live (I.e boston bombings, plane crash etc etc)
@dumbfounder
First of all, I wish you had chosen a different handle on HN. You are not dumb at all. You are, in fact, a real asset to anyone who might want to launch a startup or get behind a difficult idea. I don't know if you project will ultimately succeed. Hard to tell. You, on the other hand, are an absolute success.
I know that from your current perspective it might seem you wasted a decade in this journey. I simply don't see it that way.
You've received plenty of design and functional advise on this thread with regards to twicsy. The first thing I thought about was something that came up in a discussion on HN a couple of days ago. Here's my short comment on that thread:
https://news.ycombinator.com/item?id=6647818
In my view that still rings true for twicsy. In other words, you have to deliver value that is not found elsewhere and that people are willing to pay for. Im my post I speak of the fact that the vast majority of news websites are regurgitated versions of the news item source, whereas there are a very few who provide you with real incremental value by taking the time to research and give you perspective.
If you are still interested in making twicsy a success perhaps you should start thinking laterally rather than vertically. In other words, don't stay on your current path. Explore other paths. I know that's easier said than done. For example: How might corporate marketing programs be able to use your service? Celebrities? Bloggers? How about a path to licensing some of these pictures? Not through you, through whoever owns the rights with you making a small percentage on the sale.
Don't give up. Pivot.
It's as if one comes out more genuine iff bad news are shared rather than good news. FYI, I don't personally see OP's app/outcome as a failure in itself.
A quick search for "thinspo" shows Twitter has a lot of work left to do if they want to stop people using twitter for pro-anorexia messaging.
I'd also spin off a separate product for marketers (based on the same engine, but without the global trend noise), make it useful (there are a few ways to do that).
10 years, no funding -> $750K/year.
Of course, that one company is AT&T. We help send about 1/3% of all direct mail advertising in the U.S. (Sorry about that -- we are trying to get them to switch to digital but it's a hard sell to when that's what they do for a living.)
There's something fundamentally wrong with the approach when the major focus is on something else than earning money.
I know, I've been there too.
loop "Build something you can sell. Find a customer. Send a bill. Get money."
6 Ways To Make Money Online http://www.shoemoney.com/6-ways-to-make-money-online
(Yes I know its Shoemoney)
Do you have some analytics to see what they are doing on the site? I mean is 60% of it searching for popstar images and then browsing from then?
Once you know this you can start to steer this firehose into a funnel.
Kinda just seems like an excuse to me...I don't have kids, so I can't empathize, however, it couldn't take THAT much time to work on monetization strategies. 6 million uniques on a consistent basis is pretty substantial attention, and attention = power, nowadays. Plus, why would an investor want to throw any more money at you when you've already somehow dropped well over a million bucks? I think if you just put some elbow grease in, you'd make it work.
what you've done is awesome. With a few tweaks to the business model you could generate real revenue without needing to raise investment capital.
His pages have too much going on. Less is more. You should be able to clean things up and drip one 250x250 px ad for say 10-15 cents. Once the ui is reworked this will come to life. I like what he is going but right now he is doing too much. If you want to chat him me up. I am a front end dev and we could probably build some interesting things.
I am pretty sure I could bring its full potential out within 2 month of so while not spending much month at all.
@dumbfounder. If passionate. Reach out to me today.I have some free time this week to dicuss if you want.
I completely understand that a redesign is only a piece of the puzzle but when dealing with visual site... design can be a huge piece of puzzle. It can also make a big difference in revenue.
I dig your passion.
Depending on how much you're getting, I may know some people who would be interested in beating that price.
have you ever tried to outsource your ad operations? that kind of inventory could be worth worth enough to live on comfortably.
--------------------------
I really enjoyed your blog post on Hacker News today about the trouble of running Twicsy.
Here's just a few spelling/grammar corrections:
https://draftin.com/documents/168810/changes_to_savepoint?sh...
I definitely understand what you are going through. I had a successful attempt at starting a business with Inkling (http://inklingmarkets.com, which still runs profitably today), but then wanted to try again. So we started a branded games company where companies could stick there own brand images into a bunch of games we made. For example, our version of Bejeweled but with pictures of the latest sweaters at the Gap. And we did some revenue making deals. But the deals were tough to get, and the investors didn't care.
I didn't have the passion for this project like I did with Inkling to see it through. So I gave up relatively quickly. Took a break and worked on the Obama campaign. But then I started Draft (http://draftin.com) about half a year ago, and that's been a considerably different project in terms of success. It's surprised me how much people enjoy it.
One thing that's really helped me is Kathy Sierra's advice (http://headrush.typepad.com/creating_passionate_users/2006/0...): to find something where I'm making people better at something. And let that guide all my decision making.
For example, If I were trying to sell cameras, I'd wake up and just focus on helping people become better photographers. With Draft I focus on helping people "write better", and every feature or decision I make for the product has to have that as its mission. And it continues to serve me well.
As I briefly look at Twicsy, I can't help feel there is something here about helping people get better at something. Maybe it too is about getting better at taking photos. You must have a lot of data (i.e OkCupid) about what types of photos get traffic. Maybe with that data, you could make companies better at sharing images of what they do to get more fans. You obviously have skill getting SEO traffic, and managing a large image site. Maybe there is a kernel there that you'd be excited to productize.
Anyways, I know the feelings you are going through. I'm not going to say just keep going, because obviously you have. But I am confident, that eventually there is something you are exploring here that could be turned into something that can sustain itself.
I'm here to brainstorm or chat if you need me. Happy to be of any kind of help. Please feel free to ask. No need to feel like you are toiling at this alone.
-Nate
1) Paywall. Even if 1 out of 10,000 people agrees to pay, you will have 600 paying customers per month.
2) Sell analytics / data on what's trending.
3) Offer to make prints of the images.
4) Branching out #3 - not just prints, but fridge magnets, tiles, mugs, whatever.
I have talked to many people about #2 but was unable to figure out something compelling to sell.
Tried #3 with Peecho for about a week, not one sale!
Although for me, the bigger issue is finding what Twicsy offers that's worth paying for?
pretty much the whole Internet is built on the idea that if you can get metrics like his up, and get funded, you can figure out monetization with the help of your expert investors.