TeeBeeDee

Network for people over 40 to share experiences

General Information
Category
Social Media
Country
United States
Started
In 2007
Business Failure
Business Outcome
Shut Down
Closed
By 2009
Cause of Failure
Bad Business Model
Founders & Employees
Number of Founders
Four
Name of Founders
David Markus, Jon Brandt, Robin Wolaner, Todd Basche
Number of Employees
Between 11 And 50
Funding
Number of Funding Rounds
1
Total Funding Amount
$4.8M
Number of Investors
2
Description

TeeBeeDee was a social network launched in 2007 that was aimed at people over 40. It was well built and designed featuring many of the elements that made others social networks successful. The network’s CEO, also the founder of a parenting magazine, sought to bring forth a network that appealed to baby-boomers in which they could share insights and learn from each other.

Cause of Failure

As the network’s CEO put it
“the site’s business model wasn’t able to grow its user base big enough and
fast enough to survive”.

Middle-aged people might
have signed up out of curiosity but the platform probably didn’t have the same
traction and influence that sites which aim at a younger demographic have. It’s
more likely that it is mainly teenagers and people in their twenties who are more
prone be active in online social platforms, inviting friends, sharing content
and spending time on it. LinkedIn is an exception here. Linkedin has a user
base of 192 million users who are aged 30 and over, yet the network was
successful and gained traction because its central focus was on building
business connections. It was later able to transform part of its users to
consumers by offering premium plans, acting as a recruiter company and
introducing business-oriented courses. TeeBeeDee had nothing of the sort and it
was essentially an interesting place to go to when you had some time (i.e. not
very much when you are an adult with a family and a work overload), instead of
a place that you had to or needed to check every day.

And lastly, within few
years of TBD’s launch, a plethora of social networking sites emerged and
TeeBeeDee’s site views kept declining. The project failed to gather ulterior
funding and it shut down in 2009.

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