If that was the social media bubble busting, color me happy.
When the internet bubble burst in 2000, a bazillion small individual investors imploded (check Etrade’s stock price today $ETFC). When the credit bubble burst in 2007, the American homeowner blew themselves up (Barney Frank made them do it). Sure, the big banks were bailed out, but their long-term demise was set in motion. They finally inspired enough entrepreneurs and investors to disrupt them.
In 2009, the social media boom began. In 2012, we are in the midst of the ‘crash’. The fallout, according to the Wall Street Journal…Mark Pinkus cried!
I would argue that we have yet to see the great social media company or business, but now the stage is set.
First of all, Steve Jobs, Mark Zuckerberg, Reif Hoffman, Andrew Mason, Ev Williams, Mark Pinkus are not the entrepreneurs that would have ever solved social. No offense gentlemen, and RIP Steve, but not the guys I want over to watch Football or head to a comedy club. Don’t quote me out of context, you know exactly what I mean.
From what I hear from friends that work with him, Marc Benioff is the closest to the idea of social and the future and he runs Salesforce.
The future of social and abundance is about Flow.
Flow is just getting started. Anyone, from anywhere can have flow.
According to my 18 year old nephew Brandon, who just sent me a Facebook message asking for a job, says my son Max, who is 13 and only uses text and instagram…has flow.
Flow and your social leverage will decide your future as much as anything. Same for your startup and small business.
You doubt me of course, but I am living in the flow and loving it.