Aim Higher: Stop Building Location Based Services
Aim Higher: Stop Building Social Networks
Aim Higher: Stop Building Search Engines
Aim Higher: Stop Building Online Retailers
If its a big space with lots of potential people will try to fill it. Remember, people build the future, it doesn't just "happen." All these services and large funding rounds are just proving that photosharing is a big unsolved space (just like group buying, LBS, social networks, search engines, online retailers, computer manufacturers, operating systems...). Relax and let the market do its thing. Or jump into the market. But please don't complain about the way innovation works.
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