Saturday, November 8, 2008

Has the wis.dm community the will and strength to survive?

Hey everyone- we’ve had a blast over the past two years dreaming up and building wis.dm and we’re continuing our mission- no fear there. We have built one of the most innovative social platforms online and we are applying the technology into a variety of use cases and we are in conversations with many of the major media companies.

As far as the wis.dm site is concerned, it’s been successful in so may different ways - but it hasn’t (so far, at least) grown to sufficient scale that we can consider supporting its cost by advertising, simple or exotic.

Just to be clear, we think about the various departments of the business of Soflow Inc., (owner of wis.dm) independently, the wis.dm site is one of these and I want it to begin to stand on its own two feet. In essence, I want the wis.dm community to become self-sustaining and I think that's healthy!!

We’ve started this process by asking you for a donation toward the cost of running the wis.dm site. The good news here is that the costs are not that great... perhaps in the region of $18,000 per annum or $1,500 per month. I’m happy to hear your thoughts about how we (collectively) can raise that money- would you prefer a subscription site for example? If so, what do you think is a fair price?

Please note, that this is not about finding an investor- we’re not looking to raise cash for our business- this is about building a sustainable community. It’s really a question of the evolution of wis.dm and determining whether or not the wis.dm community has the will and strength to survive! As I say- I think that's healthy.