A friend asked me what MyBlogLog was and I said
“Its like a group of guys standing in a circle patting each other on the ass”
MyBlogLog was a brilliant idea that both People Aggregator other social networking “aggregators” should have been. A clear case where one entreprenuer was very in touch of its target customers while the others fell in love with his vision instead; the others forgot how to serve the mindset/need of the target market. Unfortunately it is also because MyBlogLog brilliantly exploited this desire for peer validation from bloggers that MyBlogLog often annoyingly degenerats into quite a self-congratulatory and incestuous circle #$*%. In the end though, $10M seems like too low a price to sell one of the best concepts of 2006. (yes, despite my snarky comment, I think the site is brilliantly executed)
