What do you think of a Twitter competitor that you have to pay for? It sounds dumb, but think of it as a promise for those who hate ads. App.net has hit its $500,000 fundraising target. What is App.net? Well, Dalton Caldwell, the guy behind App.net, figured out that regular folks like you and I would be willing to pay for an ad-free real-time social networking service. A place where “users and developers come first, not advertisers”.
At first it does sound dumb, but think about it. Ads suck. About 7,448 people are willing to pay $50 for the minimum fee required to post to the service, while another 2,010 payed $100 to be developers with access to back-end functionality, and another 59 payed over $1,000 for “pro tier” access which includes phone support and a personal meeting with Caldwell.
We will have to see how this goes, but Twitter may soon be in trouble. Only time will tell.