My friend Howard has a nice post up on the community that will develop around financial bloggers/readers.
Howard mentions three tools that will help the online financial-heads form a community – MyBlogLog, coComment, and Feedburner.
It’s interesting to note that it was these three apps’ efforts to nurture community that started me thinking about what I want in a community.
Specifically, I’ve been thinking of, currently, MyBlogLog and coComment as community catalysts.
Here are some thoughts:
– It feels like, initially, the communities are forming around ones that existed outside of the application. Specifically, communities that developed around our personal digital identities. Does nurturing a community away from its birthplace bring value?
- These apps have individual features that help germinate community, but a nice feature doesn’t create a great product. I suspect the long-term value of these services won’t be that they’re the centre of a community; rather, the value will be the catalyst they provide in creating a community and the data they collect for that existing community.
- It’s interesting to observe the convergence of feature sets. Personalization, organizing conversations, discovery, … are standard catalysts of community. It’s a fun thought experiment to think about strategy for these catalysts with a focus on network effects and social networks.


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