Luckily Startup Addict is a social network targeted at a vertical for entrepreneurs, investors and anyone in the startup value chain allowing Marketplace to be specifically geared to buying and selling startups, blogs, web 2.0 properties and brick & mortar businesses.
Now that I’ve clarified the differences let me step off my soap-box and finish disclosing the implications of Facebook’s move into classifieds. When you look at the success of Craigslist, it’s hard to imagine how it could be more successful. Beside leaving advertising money on the table to stay loyal to the free user base, one must look at the missing social connection. At the end of the day Craigslist is a best-of-breed online classified website nothing more, nothing less. Facebook on the other hand has the ability to offer all the features of Craigslist to a huge user base as well as provide the coveted social connection users crave. In addition, it legitimises the trustworthiness of the buyer and sellers by revealing who is connected to who.
Although classified competition will continue to heat up…social networks will continue to persevere by building walled-gardens and catering to its’ users as a one-stop shop. Niche social networks may end up being the resilient cockroaches of the Web 2.0 blowout.
NYT has the full scoop.