Thursday, September 17, 2009

Craigs List Second Thoughts

I used to feel that Craig Newmark was my hero. But.. actually, my views I realized have changed over the years. Yes, it is great that Craigs List is free. And yes, it is great that he has a noble purpose.

But, classifieds seem to be very "winner-take-all" ("WTA") due to network effects dynamics. Because of that, the site doesn't have much competition. Further, the site's status as a quasi non-profit means there is little to no innovation on Craig's List. The site retains a very web 1.0 feel. It doesn't really integrate in Google maps and other cool things. But, sadly, it is very difficult to displace the #1 in a WTA business once it is entrenched.

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