FNAC. I first heard the term from Chris Fralic at First Round Capital. Feature, not a company.
It has always stood out in my mind. Whether something is a feature or a company is clearly subjective. And sometimes features (say, Twitter) turn into companies.
For me it is a useful shorthand for a very clever set of product features that in my mind would be hard to remain a stand-alone business or themselves to generate enough revenue to justify the company’s existence. I sometimes use it as a mental shorthand for teams that really have given no thought to how they might make money some day.
At minute eight I spoke about group messaging companies as “features, not companies.” This was 20 seconds of a 10-minute interview yet the article title was, “Mark Suster: Group Texting Companies are Doomed.” Actually, I never said that. I never said anything like that. Here’s what I did say…
Today, Google finally launched their answer to Facebook, which essentially turns Google into a huge social network. Among the changes, the navigation bar at the top will be black, and function like the Facebook notification bar, complete with red notification number. The Google+ friends lists will be referred to as Circles, and their emphasis here seems to be on privacy.
The Google+ layer will be integrated into every part of Google.
There also seems to be a big emphasis on video chatting and conferencing, which could have serious implications for Skype.
Check out Google+ here: https://plus.google.com/
Read the full Mashable article, including the breakdown of all the features here: http://mashable.com/2011/06/28/google-plus/
Here’s their video: