Photo-blogging Site DailyBooth Raises $1 Million
blogs.wsj.com
blogs.wsj.com
Compete shows them having only 144K uniques: http://siteanalytics.compete.com/dailybooth.com/
Quantcast shows only 15K uniques in USA: http://www.quantcast.com/dailybooth.com
Why such a huge discrepancy?
It's one thing to be off by a factor of 2 or 3, but 15K --> 6MM is an error of 400X! Is there something different about how DB is built?
This strikes me as being akin to saying "Gallup surveyed all people in Patrick's kitchen last night and estimates Obama's approval rating as 0%. Talking Head, this number is clearly in error. What do you think is different about Obama which makes it so difficult to poll about him? Is it that he is black?"
No, its that biased samples bork results. (I'm using the statistical, not pejorative, usage of the word "biased".) There are a million things that could be happening here: a userbase primarily outside of the cooperating ISPs coverage areas, a younger userbase who disproportionately do not install toolbars, etc, etc.
I can expect a pretty small overlap between web users who have, say, the Alexa toolbar installed on their computers and the kinds of early adopters who would use a service like DailyBooth.
Google Analytics >> Alexa >> Quantcast >> Magic 8 Ball >> Compete
So logically, the next product should be the mid-point of Twitter and email... oh, Google Wave.
Content creation is the new king.
So I wonder what other applications can be created from changing the context. Hacker News is reddit with a different context.
When I first looked at DailyBooth, I thought: "OK, it's Twitter with pictures, so what?". It wasn't until I saw the growth and love of their user base that I realized how much potential they have.
And respect to Ryan, who spent the summer in the engine room keeping the site up through tremendous growth.
Mr. Wheatley: Scaling is the most important thing at the moment."
This is not criticism on DailyBooth but the answer above is basically a "we have no idea" and it amazes me that I and everyone here on HN kill themselves to build in legitimate business models into their apps and there are still folks who get funding who (seemingly) have no plan at all.
Or is the revenue idea super secret?
"Exactly the same way twitter plan to make money!"
It seems like we don't hear much from those guys--they must have some valuable, hands-on experience to share.
I'm assuming this is their first round since the YC money. In that case, it's not like they could have gone out and hired a VP of sales or had time to integrate an ad platform into the site.
I have no clue what they're doing, but there are several off-ramps between "here's our marketing plan" and "uh, we have no clue"
The demographic that DB seems to draw is highly valued. It seems to attract a younger group than Twitter and (just from my limited browsing) seems to attract a good % of females. I probably would have tossed $25k into that initial round if someone would have invited me :)
The full response (which actually sketches some ideas) was:
Mr. Wheatley: Scaling is the most important thing at the moment. We have a few ideas around media-based businesses, premium offerings and offline distribution like photo-printing.
good luck Ryan!
For example, an easy, deep integrated tool for upload photos right from mobile phones (they have a 3-5 megapixel cams nowadays) seems like next step in that direction, and Nokia's Ovi might gain the ground very fast.
Anyway, they probably should think about mobile apps to evolve.
Seems like something facebook/twit could easily add as a simple feature.
Biggest example is classifieds. People thought facebook could take on Craigslist overnight. Didn't happen. Facebook Classifieds for the most part failed.
Personally, I don't want to look at classifieds on facebook, because it's not really a 'community' type of thing to do.