Yesterday, my friend Craig sent me a link to an article about Yelp’s plans to IPO in the coming month. While there wasn’t anything too terribly interesting in the article, it got me thinking about the platform. We proceeded to have a pretty solid conversation about the pros and cons of Yelp and why it may or not succeed in the short and long term.
So what do I think? I think Yelp sucks a bag of dicks. Great idea on paper. Not the best idea in practice.
The subjective nature of food combined with 845 million users equals 845 million unqualified food critics who think they’re adding value when they’re really just diluting the platform one pretentious review at a time.
The Fois Gras portion was too small? There wasn’t enough ice in your glass? You weren’t satisfied with your food even though you used a coupon worth $60 that you paid $30 for? Who the are these people? How am I supposed to figure out what restaurant to go to if half the reviews are seething, hateful tirades on the restaurant for not meeting their patron’s every demand and the other half are 4-5 star reviews applauding the very same restaurant for making perhaps the best god damn meal of their lives? I can’t. And I don’t.
I turn to people I trust. I turn to the people who I eat out with on a regular basis and the people who I know have similar interests and reasonable expectations for how many times their water glass should be filled over the course of the meal. But it’s not always easy to gather that information. I fire off some emails, some skype messages, some text messages and a few messages via gchat. Maybe I’ll get replies and maybe I won’t. It’s hit or miss. But I know I’m not the only person behaving this way.
PLEASE STEAL THIS IDEA: The solution? Incorporate interest graph. How about a Yelp-like tool for people you’ve identified with similar interests. Maybe it’s a platform. Maybe it’s an app. Maybe it’s both. Maybe the people at Yelp will figure it out and add the idea to their existing platform. The point is, the more people that are using Yelp that I don’t know, the less relevant and the less utility it has for me. And quite frankly, I believe that Yelp is not only doing a disservice to the people using it, but also to the restaurants who are voluntarily or involuntarily a part of it.
There’s an opportunity to leverage behavior like the behavior I mentioned above and build a tool that’s vastly more valuable than what’s currently out there. It’s not about reinventing the wheel, it’s more about optimization; incremental change based on a bit of behavioral insight.
If the growing popularity of interest graph social platforms, platforms that are based around your interests rather than your friends, is any indicator, the idea seems to be working. Look at Pinterest, SpringPad, Get Glue and SVPPLY. They all work by allowing users to build out their personal content collections, then connect with users who have similar interests. It’s too early to tell which platforms will stay and which ones will fall by the wayside but I think they’re all incredibly important to pay attention to and learn from.
At this point, I’ll watch Yelp’s IPO from the sidelines. Who knows what will happen to the company in the future but I’ve got too much faith in the smart people of the world to build something better.
Note: If you’d like to read more about the interest graph check Edward Boches’ most recent write-up. Good stuff.







