Quora's latest investment round (May) valued the company at $400M [1]. According to Alexa, Quora has perhaps 1% of the traffic of Wikipedia. It seems to me that Quora has two options:
1) Be acquired by Facebook or Google. The problem is that it's no Instagram, so today it could not command a significant premium over the valuation of the latest round.
2) Find a way to make money. Just like Facebook or Twitter, ads seem to be the only way. Only, it does not have the traffic; no growth at all in the past year [2]. Therefore, the management must be doing everything they possibly can to improve their metrics. It's do or die, goodwill be damned.
AskBot is an open-source StackOverflow clone that has a hosted option. (Easier than hosting it yourself, since correctly installing can be tricky.)
AnswerHub (formerly Qato) is a managed clone of Quora for orgs. They caused quite an uproar because they originally hewed much too closely to Quora's design.
[edit: I see that AnswerHub is now more like StackOverflow.]
If I worked for a big company, I'd love this (or, a Quora for a loose social network like HN people, YC companies, attendees of a series of security conferences, a university department, etc.). Makes a lot less sense for a 3 person startup (at that scale, email and/or wiki makes more sense).
I think Opzi was also potentially this at one point in the past, but just like everyone else doing "enterprise Q&A", pivoted away. I think there's no way to build something which makes money, is simple, is usable and worth using, and complies with stupid enterprise policies on Q&A.
Yes its true, they can't be twitter but they have a fine product which can be monetized without taking away from their shoot for the stars plans.
I always believe in having a profit, so when you fail in shooting-for-the-stars you fail into profitability, stability, and the dolldroms of merely having six figures in your salary instead of eight in your stock portfolio.
1) Be acquired by Facebook or Google. The problem is that it's no Instagram, so today it could not command a significant premium over the valuation of the latest round.
2) Find a way to make money. Just like Facebook or Twitter, ads seem to be the only way. Only, it does not have the traffic; no growth at all in the past year [2]. Therefore, the management must be doing everything they possibly can to improve their metrics. It's do or die, goodwill be damned.
[1] http://en.wikipedia.org/wiki/Quora#cite_note-15
[2] http://www.alexa.com/siteinfo/quora.com