Faster Or Richer - What Determines Success For Web 2.0 Platforms
Now a real life example could prove which of the both mentioned factors are more important in determining the success of a platform because MIOMI, the company that wants to launch a platform for creating timelines that visualize historical events of world history or personal events related to points in time got company and competition by a site called Xtimeline. As Miomi won a price for the concept at an innovation competition held by Oxford University earlier this year we must assume that the original idea is indeed coming from Miomi however Xtimeline managed to go online with a first beta version of their platform before Miomi. However as the presentation of the timelines on Xtimeline is quite dry and unemotional we will assume, backed by some screenshots, that the Miomi timelines will be much more graphically appealing and will offer the better UX.
So it will be interesting which of the two will have the better success in attracting and keeping their community giving a little insight about what is more important, being first to market or creating the richer, stickier user experience.