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by nickdothutton
17 days ago
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I really wish LinkedIn would collapse and close so that something useful could take its place. At the moment I feel like it's squatting the "business networking" square on the board, but I don't know what it would take to dislodge it. I wrote a little about this on my blog about a decade ago and I don't feel we are any closer to it being dislodged. |
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And they all have the same problem LinkedIn has -- they don't fix the core incentive issues.
Because you know if any LinkedIn alternative ever becomes popular at some point they'll perform a rug pull to turn popularity into massive profit.
But they won't become popular because they first have to solve the trust issue.
And the trust issue is foundational. And has a solution -- it should be a non-profit and/or consumer co-op and/or producer co-op.
Which likely means it needs to be formed in Europe or Canada or someplace without the anti-co-op laws of the US that make it difficult for co-ops to raise capital.
And founders will have to be satisfied with solid six figure salaries instead of their dreams of becoming a billionaire.