App.net, the brainchild of long-time Silicon Valley entrepreneur Dalton Caldwell (above), sprung from an anti-Twitter rant he penned last month. The rant is full of technical jargon but boils down to the same argument that might be spewed by an indie rock fan upon hearing their favorite band's music in an Exxon commercial: Sell outs! Twitter went commercial. Now, Caldwell argues, they'd rather please their advertisers than their users.
Dalton Caldwell is introducing App.net with a crowdsourcing stunt borrowed from Kickstarter: It will only launch if enough people chip in $50 (or more), to reach a $500,000 fundraising target. (It's currently at $355,450, with three days left.)
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