Social Discovery – What I Love about @plancast

by Mark Suster on March 8, 2010

plancast.jpb

I’ve been enjoying using Plancast over the past month or so.  I’m not an investor and though I wouldn’t rule it out in the future I’m not currently looking at the company.

Just wanted to get that out of the way up front so I won’t look like a vested-interest fanboy.  In fact, for the research of this post I just noticed that they announced funding today – congrats.

I’m loving the product.  It’s not perfect yet – no V1 product ever is.  But for the stage of the company I think they’ve done an awesome job.  Plancast is a product where you list what upcoming events you’re planning to attend.  This is then searchable by anybody who is subscribing to your feed.  It is modeled on the now popular Twitter asymmetric following model where people can follow you and you don’t necessarily need to follow them back.  I had dinner with the CEO, Mark Hendrickson, last week and he told me the positioning, “FourSquare is to publish what you’re doing now, Plancast is to share what you’re planning to do in the future.”  Clever positioning.

Plancast for me fills an important need.  I don’t live in Silicon Valley so I’m not always around the proverbial water cooler hearing about what the upcoming tech events are.  I like to scan Plancast occasionally to find out what others are planning to do.  I’m actually not one of those guys who’s on the circuit at every event but I still find it useful to have a good mental map of what’s going on and be able to plan out for my future.  I think the product will comport to my view of most of these user-generated content sites where 1% of people are uber-users, 9% are occasional users and 90% are lurkers.  But the lurkers get tremendous value out of knowing what others are up to.  So I basically just log in and find out where Dave McClure is going to be.  He’s usually more in the know than I am.  And has more frequent flier miles.

I hope more tools like this spring up.  I’m a big fan of social discovery.  Tools like this that allow you to track what’s going on in your social networks and one-step beyond them are really powerful.  It’s not only great for planning out my event calendar but also when you pop into a city on last minute travel and want to know if anything professional is going on it’s useful to check in with Plancast.  I’m not knocking FourSquare which seems to be doing great.  But frankly I’m a lot more interested in where you’re going to be then where you are now.  And I don’t really have any interest in knowing where you’ve become the mayor.  Not even remotely.

I believe social discover tools will continue to be a big driver of traffic to events and I wouldn’t be surprised if they also morphed into rating systems after events.  Who knows, maybe one of these guys will finally kill off evite.  What I like about the asymmetric nature is that sometimes I want to know where my friends are going and sometimes I want to know where key people from industry are going.  Both are useful.  And sometimes I just want to know where Dave McClure will be turning up next.

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  • agreed Mark - it really is one of the best Discovery tools. I think there are excellent business applications through the API that they will launch.
  • Very interesting app - thanks Mark. Now if only someone could tie a social discovery application like this to a crm system for automated prioritized alerts ....
  • Nice find Mark - however - I fear SXSW will kill their servers - already tooooo slow a response. Beef it up pronto guys!
  • Way simpler to drop events in than most sites out there. Glad to see funding heading towards an industry that needs fixing. There's a business model in there somewhere, just need to experiment a little.
  • Where In The World Is Dave McClure ...there should be a drinking game just for that.
  • Equally, "where in the world is Christine Lu!"
  • Funny timing, I posted a tweet a while ago about the flip side of the Foursquare/Gowalla approach, which is where I'm GOING to be. Where Plancast is event based, I see a lot of value in the casual, location based piece of the equation.

    When we were talking about LBS last week, I mentioned that knowing where my close friends are was more interesting than any of the game/mayor mechanics. But what if I could update selected friends with where I will be (not event based, but Ozunos for example)? This is as valuable I think, if not more so.

    Plancast could go that direction, but I like that they are event based. The causal piece seems like a better idea for Foursquare to tackle.

    The bigger challenge still remains to figure out which social graph to latch on to. Yelp's check-ins don't work for me, I don't want to share location with that group of "friends", Twitter is close, Facebook is people I knew three cities ago. Once you've got the right social graph loaded, and the ability to keep those people updated with current and future (a few hours from now) plans, it starts to get a lot more exciting.
  • Couldn't agree more, Mark. The killer app for social media is the future, not the present - both from usage and from monetization standpoint.
  • markmayhew
    isn't it getting hard to keep up with the future, why, it seems like it was just yesterday that I was beginning to ramp up on foursquare/location sharing ;)
    http://plancasting.com
  • Curious if you think there are other angles to Social Discovery than events?

    Twitter sorta had serendipitous discovery with their @replies and conversations visible to all your followers "bug/feature", and now they have lists which makes people intentionally point out people they think are worth following, but it's not accidental or natural in the same way that Plancast is.
  • I plan to blog about Twitter's social discovery in the next 10 days.
  • jayhawks
    I am aware of a company in Kansas City that has a Plancast product on steroids. The company is in stealth mode, but is currently having some quiet conversations with VCs. I'm interested to get some user information from Plancast and to see how they plan to monetize their service.
  • I see lots of opportunity at the intersection of past favorites and future plans. So, I'm working on helping people socially organize and discuss restaurants to try, movies to see, books to read, recipes to cook, and more.

    You can try it free and see why members have added 7,000 past and future intents to their lists at http://kartme.com

    Mark, if you were in the East Coast, I'd be asking for a meeting as I love your blog :)
  • hah! I've already read the archives 5 times over, what am I going to do for the next 10 days?! ;-) (Thanks for writing, btw.)
  • Agree they are interesting and v1 is very well done- clean, easy to understand. As a founder in the events, local and "plancasting" space at Going, there are some challenges around frequency of usage and breadth of audience I think they will face but so far they are off to a focused start, kudos to Mark.
  • I'll have to check your out. I love this space and I suspect we're in the first inning.
  • Agree. We started working on Going (Going.com, originally HeyLetsGo) almost 5 years ago so alas it's a different era, but if you're bored I'd point you to our iPhone app: http://bit.ly/goingapp which is more recent.
  • jordanbp
    What's the business model here? Clearly they have one given the all-star list of investors...
  • You'll have to ask them. I'm not an investor. I can imagine many but don't want to put words in their mouth.
  • Mark, thanks for the heads up. Sounds like a great idea and after spending a few minutes it seems well executed. They JFDI.
    Really gives you a great opportunity to connect/re-connect/meet individuals.
    Side question - whats the youngest VC you've ever met?
  • Youngest VC? Depends on level. I know some in their early 20's. Most young partners are mid 30's in my experience. I'm 41.
  • I just wish Dave would have let it be known on Plancast that he was going to get busy on the dance floor during that Geek Meets Chic event - that would have been worth seeing live!! ;)
  • Or better yet if somebody would have caught it on their Flip Video and posted on YouTube!
  • Or better yet, if someone *did* record it and Dave posted it on his own blog:
    http://500hats.typepad.com/500blogs/2010/02/gee...

    I think all entrepreneurs should institute a dance off during the fund raising process.
  • assuming they have to beat me to get funded, this would result in a dramatic reduction in the pace of my investment.

    signed,

    Baller
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