The word on the street is that both Yahoo! and Google are prepping for a run at Facebook and MySpace. TechCrunch reported recently on some new social networks in the future by the gorillas. This was not just Google funding CMU to build the starter kit for their Next Big Thing, though. It was Google funding a team of master’s students on a capstone project to build the Next Big Thing. Why can’t that happen for Indiana University’s School of Informatics?
