The Heat of 2012

Judging from what analysts are saying, 2012 will be another bumpy year, a year of no havens.  Elections everywhere where it matters, gigantic economic imbalances (to put it mildly), pretty nasty turn of events in Emerging Markets (including China), and a messy turning of the leaves of US geopolitical fortunes.

The Arab Spring looks less warm and rejuvenating today than it did half a year ago, and it is abundantly clear that we need to brace ourselves for a roller coaster ride. Things are not going as expected.  Or perhaps they are.  In any event, that’s just the way it is: change of the magnitude we are experiencing involves a contest of so many players, so many interests, so many points of view, at so many different levels of politics and society.  The cost of freedoms and better societies is not cheap.

None of this makes life easier for a social media company in the Middle East, where all this topsy turvy accompanies the already turbulent landscape of what we used to call web 2.0. But coming from a career in trading financial markets, this constant of uncertainty is a familiar way of life. All the better for us to embrace it.  After all, strong materials are forged under high pressure and heat, not sunshine and a polishing cloth.  In all likelihood, 2012 is a crucible year.  And so, we roll up the sleeves!

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On Shutting Down Watwet

Last week I read some tweets and blogs on our decision to shutdown Watwet. Among many things, it highlighted just how bad we are at Tootcorp in communicating with the rest of the early adopter community. We didn’t even have a press release. There is no good reason for this, particularly in an age of frantic communication and mass calls for openness in other areas of our lives. So anyway, here is a blog entry – hopefully the first of a few, to try to dialogue a lot better…

The decision, when it came to it, was one of timing rather than whether we should wind Watwet down.  For nearly two years it was clear to us that Watwet needed to be something very different from Twitter.  To paraphrase Ahmad Humeid, one of the founders of Tootcorp, the Twitter of the Arab World is Twitter.  And while we spent considerable time working out niche angles for Watwet, in the end we didn’t under the pressure of other priorities.  Quite simply, we lacked the funding, mental bandwidth, connections and media DNA to take it in the directions we needed to take it.

There are some interesting opportunities to pursue for media-savvy teams in the Arab world to give it a shot, and I would be very happy to discuss with anyone who is serious. Given that we have the technical knowhow to implement the solution (and it is not as easy as it seems), watwet could partner effectively with such a party. Similarly, we think there are interesting corporate or white-labelled deployments of watwet technology that corporates in the Arab world should pursue.

Next entry, I will give my two cents on social networking in the Arab world, which was a question posed a few times on the watwet news, and one we wrestle with with elsewhere as well.

As for watwet, we live and learn. We thank everyone who supported us and look forward to more ventures together.

Mazen Arafat

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