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Ted is an enterprise technology veteran, student of Marketing 2.0, entrepreneur, angel investor and aviator. He most recently led marketing and product management at NextPrinciples, an enterprise software startup helping companies extract true value from social media. Prior to NextPrinciples, Ted was VP of Social Marketing at SAP where he led many of the company's social marketing initiatives. Ted was previously a management consultant with McKinsey & Company and has spent most of his career helping companies leverage analytics to optimize their operations. You can connect with Ted on Twitter, Google+ or visit his personal blog here.
I am not so much arguing the value of Facebook for me as an individual (despite the fatigue that seems to be settling in among many people I know), but more around how they continue to drive revenue growth (assuming the standard ad model does not work). As Claude said above, when people are on Facebook they are socializing and not hunting. I believe they need to be taking bolder steps with monetization, as I dont believe copying Google will give them the growth the market is expecting.
As to their willingness to experiment, I personally don't believe they are doing enough yet, but that might change fast.
It will be interesting to observe what happens in the next 6-12 months, I wish I had all the answers.
David, thank you for your nice words. I actually wholeheartedly agree that Facebook and Google are actually not that different. The sentence you referenced was my obviously feeble attempt to be funny as I expected quite a few people to react negatively to the comparison.
Thank you Monique for your kind words, sincere relationships and perservance are indeed two very key success factors
Neal, thank you for your kind words. While I had not seen your post, I am pleasantly surprised at how similar our views are, I look forward to this ongoing debate. There is so much opportunity in social, only if we could get past the 'new shiny object' syndrome...
Thank you, while I agree with your statement, I also firmly believe if you expect magical things to happen overnight, you will be disappointed, hence my statement around patience.
Thank you. Indeed perseverance, patience and consistency are key....