Monday, October 16, 2006

Friendster founder or loser

And I was wondering for so long, why oh why, didn't Friendster prosper? It came before MySpace. It's the "original" social networking site (apart from six degree and socialnet). Its better than MySpace. It's supposed to be more popular than MySpace. It came at the right timing. Friendster could at least be bought up by an internet giant, which almost happened, as we learn from this article: Wallflower at the Web Party

Google offered $30 million:
JONATHAN ABRAMS was in a spot. He could take the safe bet and accept the $30 million that Google was offering him for Friendster, the social networking Web start-up he began only a year earlier, in 2002. Saying yes to Google would provide a quick and stunning payout for relatively little work and instantly place the Friendster Web site in front of hundreds of millions of users across the globe.
Wow, can you believe that? Google, my number one idol! If that happened, I'll claim myself to be the most talented fortune teller in History.
Friendster's fate is "a real puzzle," Professor Piskorski said. "This was a company that had the talent and had the connections." he said. "They had this great idea that people really took to."
Sadly, I missed the mark. So why didn't Jonathan Abrams made it happen?
Mr. Abrams drew his inspiration to create Friendster from a broken heart brought on by a failed relationship and the eternal lures of the mating dance.

"Basically, Jonathan wanted to meet girls," said Mark J. Pincus, a Silicon Valley entrepreneur who provided Mr. Abrams with some of the seed money to finance his project at the end of 2002. "He told me himself, he started Friendster as a way to surf through his friends' address books for good-looking girls."
Ouch! Doesn't that sound familiar, like the person-in-writing kinda familar?

And guess what? Malaysia was part of the topic:
Now the challenge, Mr. Lindstrom said, is "to focus on a market for more than two months." A second challenge is figuring out ways to cash in on its popularity overseas. Three quarters of Friendster's users live outside the United States, mainly in the Philippines, Malaysia and other, smaller southeast Asian countries. (maybe he meant Singapore, you know, being small and all)

"In the past we've seen that as a problem," Mr. Lindstrom said, "but now we see this as a huge opportunity."
Wait, did they just said that we were a Problem? Dude, think again.

I think I better get back to work.

References: Wallflower at the Web Party,
Tags: Friendster,

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