Friendster Part LVII
Long time readers will know of my fascination with Friendster: That rather than a lesson in why ’social networks are transient’ and a complete and abject failure it is instead a roaring success.
Venturebeat has an article analyzing the company’s huge growth in Asia and making a prediction it could be the world’s number one social network.
For those who say non-American people are worth less than American people; you are right, but only temporarily.
The problem is those same people say Facebook have been a stunning success even though nearly all of their usage increase in the past year has been from ‘international’ countries.
Friendster was re-capitalized in August of 2006 and has raised a suprisingly small amount of capital in aggregate. The investors in that round, as well as the management who were around at that time and since, will hit an unqualified home run in investment terms.
