Has Social Networking Reached A Saturation Point?

How many more can we contribute too? I've been watching the new websites popping-up at KillerStartups.com as well as the magazines that I receive (I have free subscriptions to Fast Company and Entrepreneur, Conde Nast Portfolio, and a few others) and I have to wonder, has Social Networking (SN) formed a top?

Every start-up seems to be centered around SN which obviously is at the core of Web 2.0. However, I have to speculate that all SN's have their applicable limits in the scope of how many people can actively contribute to them.

There are so many now that I have to wonder, how many hours can one person allocate to SN websites? And how many?

Facebook? MySpace? LinkedIn? Digg? Stumble? Ning? Niche SN's?

Since 1997, I've been "collecting" domain names for e-business ideas that I sporadically think of. To date, I have dozens of domain names of value; all in the top-level domain "dot-com". Now, none of these names are developed into any business however they are now worth $1000's and I paid a few hundred dollars for them.

Anytime I had an e-business idea, I brainstormed, found a name, and registered it.

Domain assets, specifically DOT-COM names of value, are going to start rapidly appreciating. Like land, .COM names are a scarce commodity that is ever declining in supply. DOT COM is the BoardWalk of top-level domain names. No matter how many .this and .that they invent, .COM will always command a premium price.

This is a piss-poor landing page ... yea, effective at getting me to their website, ineffective at getting me to use their website. In fact, these tactics have planted a seed in my mind to NEVER USE SERVICE MAGIC. If you are going to overtly lie to me, I'm not using your website.

PART 1

I graduated from a major University with 2 business degrees. College was mind-numbing -- it made me sick because it was an indoctrination to prepare you for a life in corporate America. The common creed pounded into my head, "When you work for corporate America, they will want this, they will want that, corporate America this, corporate America that."

I was tired of hearing it. I knew I never wanted to work for anyone. Upon graduating, all my peers where bragging about the great "safe secure jobs" they were hired for. "I work for Motorola", "I work for Northwestern Insurance", Blah blah blah. Everyone interviewed like crazy. I didn't. I left college jobless with the goal of starting a business. This was in 1992. I was 22.