On May 12, I attended the GeoWorldSummit in Brooklyn. Some quick impressions:
It was a bit of a bust as far as OpenBlock-related networking; I
didn’t meet anybody during the pre-talks shmoozing, and unfortunately
wasn’t able to stay for the 8 PM reception. Somebody was there from
the OGC and I would’ve
said hi but I never found them.
Most of the panels were about locally-targeted advertising.
The most interesting panel for me was the hyperlocal
panel - interesting, but too short.
Some points that stuck with me:
- Advertising revenue success/failure stories:
- Gothamist, Baristanet and other grass-roots local sites are making money (from advertising) - earning a living for a small staff.
- Everyblock? and Outside.in are, according to the panelists, not making advertising money because
they just don’t have enough users.
- Patch is the big question mark. AOL is sinking another $40 million into
it. Will they succeed? This “landscape is littered” with failed attempts by giants to
get local.
- The usual mistake after failing with paid content is to fail
harder with unpaid content. Will Patch do that? “Only Huffington Post has
succeeded” with unpaid content.
- “Local doesn’t scale” - by definition.
- Patch compared to WalMart:
- It’s good that Patch is making an online presence for some
communities that had nothing before. Unlike WalMart, when Patch
sets up in a smaller city/county/whatever, there’s typically
nothing for them to supplant - no “mom-and-pop” online community
sites.
- It’s bad that Patch is moving WalMart-style into communities that
already do have significant online resources — fragmenting the
audience, “stealing” local reporters, etc.
- Local and Location Based are not the same thing. For example, an app that
finds the nearest Starbucks is location-based but not local, because
that’s generic information. A “what’s happening near me” app that
suggests going to a local music club is both location-based and
local, because that club exists nowhere else.
What does all this imply for OpenBlock? Nothing clear. We still think it will be a useful platform for those “mom-and-pop” community sites - independent, or at local papers, etc - to enhance their local offerings. Unlike patch, everyblock, and outside.in, we’re not trying to provide a hosted service for everybody - we’re trying to provide a useful tool for existing or new local news outlets. So we have a different set of problems.