Do we need, and does the web want, a new reddit-like site?
I've considered making a new reddit style site, incorporating a variety of improvements (probably like many readers here). Is there strong demand for such a service? How hard would it be to replicate the strong and thoughtful community reddit initially created today?
Judging from the comments, PG is considering launching one, so I don't know if you'd want to be in direct competition with him. But it'd be an interesting fight.
It seems there will always be demand for clusters of intelligent people. If you can cater to that, go for it!
I don't really see how you can improve upon yc news with a new reddit clone. The community here is like minded with its startup interest. Here is what would be nice: more yc news like sites for all my other interests.
I think you can effectively fake the appearance of community in the beginning, assuming you have the resources.
A more important question is: how would you create value for a potential user beyond what the existing communities offer?
i think there's plenty of room in the ynews/reddit model to go. don't think of it as the website, but in terms of the users. i think a big step forward will be the blogger of news aggregators. allow people to make a submission+vote page and bookmarklet as easy as it is to make a blog. add on a few preferences and bingo, an aggregator focusing on round the world blue-water cruising in ketch style 42fts internet access issues. for instance. i'd rather be plugged into 10 niche communities than a couple of generics.