Fred Wilson: I’ve Seen GeoCities. And You, Tumblr, Are No GeoCities
At yesterday’s Ad Tech New York conference, Union Square Ventures investor Fred Wilson dismissed the notion that Tumblr will go the way of GeoCities. Mr. Wilson should know: he invested in both.
Although the two platforms, which both grew out of empowering community and self-expression, may share a similar trajectory–explosive traffic, scads of funding, sky high valuations–he argued that Tumblr has modern social media’s emphasis on the news feed (for elegance of consumption) combined with a different approach to advertising. Read More
