I like Fred Wilson’s honesty:
The capital we are investing will go to making Twitter a better, more reliable and robust service. That’s what the focus needs to be right now. We’ll have plenty of time to figure out the business model and there are many options to choose from.
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We like to build uniquely fun and viral web products that our fellow Internet Machine users can use and love. Faceplanting is our first, and we love it because while it's basically just a fun toy, it's also innovative and has massive global appeal. It will make the world smile.
But Faceplanting is just the beginning. We've got three more projects in the works that will affect the world in big ways. We hope you'll stay tuned to this blog to see how this story pans out.
For the curious, Phoenomi is pronounced fee-nah-mee and is a mashup of the words "phoenix", "phenom", and "tsunami".
Thanks for visiting.
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