Mark Zuckerberg founded Facebook, undisputedly the #1 social media application of the 21st century. Twitter seems to be gaining momentum on Facebook. Recently a new easy to use site www.chatroulette.com is gaining ground with up to 50,000 simultaneous users and a massive viral campaign. Much has been written in the media about it in the last few weeks, including three pieces in the NY Times.

Please answer the following questions:

Part A. Will this Chat Roulette technology which has been available for many years, be the next big thing on the Internet? Do you find yourself a bit addicted to the site and why?

Part B. What other uses do you see for this real time video technology?

Part C. I am in the process of building out a speed-dating site using this
real-time video for what I think will be the killer dating application online. Users would be able to talk in real-time with potential dates. The users can chat for as long as they want to the current person or they simply click next for the next person. I will charge $19.95 a month for unlimited usage. Match.com charges $39.95/month. How do you think I would best market this new service?

Extra Credit:
You heard in class about my new business Education InDemand. How would you propose I go about marketing this in the most effective manner?

bbbbbbbb
Homework # 3
February 17, 2010

1. Attached is an article from the website All Hip Hop.com about 360 deals in the music business. Please write a paper no longer then two pages long on whether you think 360 deals are the future of the music business and why?

2. Read chapter four in our textbook: http://www.liebowitzentrepreneurprogram.org/EplaybookWebversion.pdf Choosing a Name…for Your Business and Your Product, Service, or Store on page 65. Please choose a name for your prospective business and be prepared to talk in class on why you choose that name.

Extra Credit Current Events:
Read an article on entrepreneurship online from one of the sources here:
http://www.liebowitzentrepreneurprogram.org/links.html
and summarize in three paragraphs or less what you learned from the article

I am looking forward to a great semester. Please check the website and blog often for latest updates.