• Diaspora's Final Tally: $200,000 From Nearly 6,500 Backers

    Wednesday, June 2nd, 2010

    MG Siegler is a general partner at CrunchFund and a columnist for TechCrunch, where he has been writing since 2009. His focus is on Apple. Prior to TechCrunch, MG covered various technology beats for VentureBeat. Originally from Ohio, MG attended the University of Michigan in Ann Arbor, MI. He’s previously lived in Los Angeles where he worked in Hollywood and in... → Learn More

    When Diaspora set out to raise money to build an open Facebook alternative site, they had a pretty modest goal: $10,000. Of course, they were raising the funds through a less than traditional means — using Kickstarter, an online fundraising site. Still, they shot past that goal in 12 days. And within 20 days, they had raised over $100,000. Yesterday, the fundraising closed, the final tally: just over $200,000.

    Obviously, the Facebook privacy fiasco played a huge role in the fundraising success. Diaspora pulled in money from a number of prominent people on the web — and, humorously, apparently even Facebook CEO Mark Zuckerberg himself. All told, nearly 6,500 people contributed money to the project — making it the largest Kickstarter project ever.

    Now for the hard part.

    While Diaspora has plenty of money, they have yet to make the actual Facebook alternative site. The four NYU students will now begin that process over the course of the Summer. As they wrote yesterday, “You may not hear too much from us in the coming months and we will try our best to provide regular updates, but our silence means we are hard at work.”

    By September 2010, the team says it will release the first iteration of the project, fully open-sourced under the AGPL. Here’s the feature they say we’ll see:

    • Full-fledged communications between Seeds (Diaspora instances)
    • End to end GPG
    • External Service Scraping of most major services (reclaim your data)
    • Version 1 of Diaspora’s API with documentation
    • Public GitHub repository of all Diaspora code

    After that, the project will move back to New York City where they will begin work on building out their secondary ideas for the service.

    When Diaspora started getting a lot of press, many critics were quick to point out that this group of kids didn’t actually have one line of code written yet and were trying to take on a site with nearly 500 million users. And the truth is that many of these open alternative sites fail against their bigger rivals. Still, it will be interesting to see what these guys come up with with the $200,000 now in their pockets. If nothing else, they have a great sense of timing.

    Company: Diaspora
    Website: joindiaspora.com
    Launch Date: April 30, 2010

    Diaspora is a project begun by four students at NYU’s Courant Institute. They proposed to build an open-source, distributed social network as an alternative to companies such as Facebook. The team decided to raise $10,000 using Kickstarter by June 1. In light of Facebook’s recent moves concerning privacy, the team has received far more support than expected. With news coverage by Fox on May 11th and a writeup from the New York Times on May 12th exposure took off. The...

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    Company: Facebook
    Website: facebook.com
    Launch Date: February 1, 2004
    IPO: NASDAQ:FB

    Facebook is the world’s largest social network, with over 845 million monthly active users. Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskovitz, Chris Hughes, and Eduardo Saverin to help build Facebook, and within four months, Facebook added 30 more college networks. The original...

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