130 karma · joined March 5, 2011
No, we won't sign an NDA. No venture firm would at this stage. The informal commitment to secrecy on our application form is more than any VC would make.
In this connection you may want to read the first section of How to Start a Startup on the value of mere ideas."
Thanks, I missed this. The "informal commitment" is what I was looking for.
(I'm aware that there are differing theories out there on the merit of shrouding a startup idea in secrecy, and my own personal opinion on the matter is that it totally depends on the idea. But the question still holds.)
Sorry but just because this is the internet doesn't mean real world business rules don't apply. There is a difference between form and content. Your only reasons for preferring Oyster over TripAdvisor is that the page is cleaner and there are less ads? Ummm if you had actually used the two services it would become clear that TripAdvisor has better content. And again, just because this is the internet doesn't mean that there is no barrier to entry. Think about the search engine market, the social networking market, the audio statistics market (c.f. the totally off Last.fm article also curretly on the front page). Try displacing those guys.
Point is, if Oyster in fact proves to be a superior website in the long run, it will hopefully (and probably) get its due. But to expect an algorithmic search engine to order results based on hope is just... wrong.
There is a difference between being stagnant and being stable.
The new content and change come from the data users scrobble and from the new music musicians make. The site is a platform for that, and IMHO it does its job perfectly. Not only that, but it makes a lot of money doing it.
This article is laughably bad. It's creating a problem where there isn't one. Last.fm is not on the decline. It is not any less exciting than it was 5 years ago. In fact, the service only gets more interesting the longer you use it. IMO the premise for the article is false. Moreover, the recommendations for improving Last.fm are weak and for the most part frivolous.