Friendster, Love and Money
Friday, 28. January 2005 - 4:20 pm
NY TIMES — Jan 24 — Fifteen months ago, Friendsterenjoyed the kind of enviable status that Silicon Valley start-ups dream
of: A-List investors and millions of users. The company endured three
chief execs during 2004 and has seen a spate of senior executives
depart in recent weeks. A younger, flashier rival called MySpace has eclipsed Friendster and Friendster loyalists have groused that the company has done almost nothing to enliven its site. Reid Hoffman (of LinkedIn),
another early Friendster investor, agreed that the company frittered
away its sizable head start over the competition. Last summer, the
company hired Mr. Sassa a former NBC executive taking over from Timothy Koogle, an early Friendster investor and former Yahoo chief exec, who ran the company after the board lost faith in Mr. Abrams. FULL ARTICLE @ NY TIMES
Mark Brooks: Jonathandid a stellar job of observing the real world and emulating social
group interaction online. I'd love to see Jonathan take the Product
Development reigns. Seems MySpace has outfriendstered Friendster.