Dare Obasanjo is right : Kiko was a feature, not a full-fledged online destination let alone a viable business.

Paul Graham gives them an encouraging pat on the back. In a sense he says plan to throw one away, you will anyway.

Update : Umair Haque :

PS - No, despite what Paul Graham tells you, the moral of this story isn't about Google economies of scoping Kiko to death. It's that Kiko's innovation wasn't revolutionary or challenging enough.