The current toast of the web is Pinterest, the visual pinboard for collecting and sharing content online. The “pinning” phenomena is spreading from its modest beginnings to appearing in national media outlets. There are over 2.5m monthly active Pinterest users on Facebook. A co-founder of the site has over 500,000 followers on Pinterest. Ron Conway (an investor in the site) remarked that Pinterest’s user growth rate is what Facebook’s was five years ago. Earlier in 2011, it was valued through venture financing at $40m and, most recently, just a few months later, at around $200m.
What is going on here?
Pinterest is growing for a variety of reasons. It enables users to clip things they like. It emphasize pictures over text, which are more visually appealing and easier to digest. Signing up is easy. Pinterest has crafted a fun, whimsical, artistic image. In particular, it has struck a chord with female users, an attractive demographic. Pinterest has added to the lexicon of “like” or “retweeting” or “reblogging” or “upvoting” with the ability to “pin” content and then “repin” it across the site and other networks. A leading expert on marketing to moms, Kat Gordon of Maternal Instinct, remarked that using Pinterest is a “soothing” experience for her.
Saturday, November 12, 2011
Very Interesting: The Rise Of Pinterest And The Shift From Search To Discovery | Excerpt via TechCrunch
Posted by siobhan at 5:27 AM