Wikispheres launches as Wetpaint
When last we heard from Wikisphere, they had just raised $5.25mm but continued to develop in almost-stealth mode. Ross said they were going to be consumer focused. Jeffrey had heard that it was going to be industry-focused.
This is a pretty crowded market already. But Wetpaint has raised enough money to outspend the other community-focused hosts and to be competitive with the enterprise-focused hosts. The real question is whether or not there are enough consumer-level users to make this business model work.