Posted by rexdixon on November 17, 2006
Wesabe launched today. I would say very quietly. I have a feeling that it may become a quiet hit. This is an example of what I am seeing as the new social networking groups that are starting up out there. Think of this as 4th generation social networking. There wasn’t a single reference online anywhere that I saw today. The only one was this lone quiet posting at this hour of the evening.
So what is it? It is a community of people (social network) that share their experiences with money. The community is there to help others make better financial decisions. I am guessing some of the people at Sequoia Capital and a few of the other VC’s wished they would have stopped for a second before investing in that company, you know, where they are about to lose it all in a lawsuit.
The company is founded by O’Reilly Entrepreneur in Residence Marc Hedlund. Technically Speaking, I see gradual growth for this company, probably as quietly as they were launched today.