It had to happen! We have talked about widget apps and the facebook platform on venturewoods before. A pure play facebook app “Where I’ve been” reportedly got acquired for $3m. It might seem like a small amount compared to the billions that make headlines these days, but IMHO its just the starting point — this thing is going to get more momentum.

So what do you think? Is someone calling a beginning of a bubble 🙂 There is an arbitrage here – if you have a smart facebook idea, and can bootstrap it well (remember, very little marketing money required here), this might be your first million bucks!

Alok Mittal

Alok is a first generation entrepreneur, currently CEO and Co-founder of Indifi, a platform for small business lending.

Alok is a board member at TiE Delhi, and a founding member of Indian Angel Network.

Prior to Indifi, Alok ran India venture operations for Canaan Partners in India, with focus on internet, technology and BPO space. Earlier, Alok cofounded, a leading job portal which was acquired by Alok is a computer science graduate from IIT Delhi and, postgraduate from UC, Berkeley.

The views expressed on this site are personal views of Alok, and do not constitute an offical opinion of any company or organization.