| Geosocial Networking and Mobile Devices -- 4 Case Studies |
| Written by Katrina Gosek |
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Executive Summary The proliferation of mobile device usage, in combination with the tremendous growth in web‐based social networking, has opened business opportunities for companies like Loopt, uLocate, Google, and Helio. These four companies are front‐runners in a new geosocial networking arena, building business models tying together the mobile web, location‐based software, and online social networking. In analyzing these companies, the following guidelines were uncovered for other companies interested in building businesses in geosocial networking services: 1) establish and participate in a strong value network; 2) create a framework to promote rapid development ofpositive network effects; and 3) create a monetization strategy that is sustainable and flexible. [click to download] Alan Belniak, Katrina Gosek, Jon Lucas, Allan Vainstock
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