ThePort Network has raised $500k from existing investors in an extension of its Series B round. ThePort provides businesses with social network and social media services. A couple years ago we covered ThePort as part of a broader look at ways to build your own social network, which included a detailed look at a number of players in the space here.
American City Business Journals led a $4.1M Series B in ThePort in December 2008 and has not looked back. Over the last year recurring revenue has grown 90% topping $2M. → Read More
A few weeks ago we posted 9 Ways to Build Your Own Social Network, a review of several hosted, do-it-yourself white label social networking solutions. Conspicuously missing from that round-up were many additional companies that specialize in the creation of social networks. These companies were intentionally overlooked in the first post because we wanted to focus on self-service websites. In this second post, we cover these remaining companies, all of which offer either made-to-order solutions or downloadable software. When reviewing Ning, KickApps, et al., I was able to test the products first-hand by creating social networks from scratch and for free using online wizards and tools. Testing this second post’s solutions was more difficult because they all require the formation of business relationships and/or local installation and configuration. But we were able to test many of the launched social networks that actually use these solutions, and we also interviewed several of the companies. Detailed information about the companies is presented in the interactive chart to the right, which features additional information in popups and the ability to select only particular companies for comparison. The following companies are included in the chart: Affinity Circles, AlstraSoft, Blogtronix, Boonex, Broadband Mechanics, Converdge, Crowd Factory, DZOIC, GoLightly, introNetworks, Kwiqq, Leverage, Lithium, LiveWorld, Neighborhood America, Omnifuse, Pringo, Prospero, SelectMinds, Small World Labs, Social Platform, Sparta Social Networks, Telligent, ThePort, VMIX Media, Web Crossing, Web Scribble Solutions, and Webligo. (Update: Awareness has been added to the chart, raising the total to 35) Not included are Dave Networks, Five Across (absorbed by Cisco), PHPizabi, Pluck, and Village Engine because they did not respond to our inquiries. phpFox responded but opted not to fill out our questionnaire. Your initial reaction may be “wow, this market sure looks overcrowded.” In the longer run, competitive pricing may force many of these companies to drop out of the business. However, I was surprised to hear several of them say that current demand for social networking services is overwhelmingly high. One of the representatives I spoke with half-kiddingly said that he did not actually want TechCrunch coverage of his company because he already has to turn down multiple project requests per week. It will be interesting to see over the next few years whether this demand further intensifies as potential customers realize the value of niche social networks, or whether it slackens as people get over the hype surrounding this aspect of → Read More
