Vator.tv Initial Thoughts

After reading a post on the socialmedia.biz webiste regarding the departure of collumnist Bambi Francisco from MarketWatch amidst a conflict of interest controversy, I decided to investigate further.  Since Ms. Fransicso was leaving to head up Vator.tv fulltime, it made sense to start there.

Basically, Vator.tv is a site that targets entrepreneurs, venture capitalists, and investors with the aim at having entrepreneurs pitch their ideas through video, and the community (other entrepreneurs, VC’s, etc) give feedback.  I see both pros and cons of the basic concept of the site, if I understand it correctly.

Pros - entrepreneurs and/or startups can receive feedback in the form of strategy, praise,  constructive criticism, strengths and weaknesses of concepts or strategies, knowledge of existing competitors, etc.  All of this feedback could then be translated into crafting strategies, creating business plans, attracting investors, or evaluating the business viability.

Cons - and this is a big one in my opinion. Let’s say JoeShmoe has a great idea and wants to get feedback on it. Although the idea is simple, it’s also revolutionary —it summary, it’s a completely viable idea.  The problem is how now do you protect that idea from the copycats, or even the first movers?  Someone now can take that idea and run with it.

I don’t know about you, but I’m not about to let everyone know of the next best thing since YouTube or Myspace (and I do have that idea :).  In any case, I wish Bambi the best in her endeavors.

Posted by Rick Garcia in Social Media, Development