Wow. These guys had an idea to create a digital life manager (they were all heavy users of facebook, 
myspace, flickr, etc). They were tired of having their content fragmented into lots of separate sites so they decided to create their own one-stop -shop where they could manage and consume all of this info. They didn’t really have much progress on the actual software but they did have a solid vision which they were able to communicate to investors via TechStars (this is the company Tim went to in Colorado).
Social Thing raised $500K, built a cool program, and sold it in under 18 months. That seems to be the Tim Nikolaev way of action. Read the full article at TechStars and let me know what you think.
I was surprised that they were able to go the same way of not really having much real progress but were still able to get the ball rolling because they met the right people.
source: http://www.techstars.org/2008/08/14/socialthing-acquired-by-aol/
IdeaFLITE 