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A true bootstrapped effort!
One thing that I forgot to mention was our focus on throwaway group opportunities, opportunities where you may need a network for a short period of time like a week or so, and go on to the next network creation opportunity. We hope that we've provided the foundation to push our vertically driven strategy to cater towards these opportunities and by making content aggregation drop-dead simple, we think we could quickly provide value, something I don't necessarily see on other web applications.
We're not naive here, we know there are a TON of players out there, much more than when we first started this, but we think our success is dependent on enlarging the market, rather than stealing share from the other guys. We're only in Alpha, so we have to execute.