The NYT Friendster Mash
Ex-Netscape Dude is offered $30 mill from Google.
Dude says no.
Kleiner juice him up.
$30m in stock would now be a billyen.
“Basically, Jonathan wanted to meet girls,” said Mark J. Pincus.
“Jonathan is very much an acquired taste,” said Larissa Le, a former Friendster employee.
"Mr. Abrams spoke of the all-star cast that had joined him at Friendster the way a Yankee fan might boast about the Murderer’s Row that George Steinbrenner assembles each year in pursuit of another World Series ring."
“Friendster ended up with three levels of V.P.’s, C.E.O.’s and board members who, although they had great résumés, they were not connected to the social networking concept and didn’t really use Friendster,” Ms. Gilbert, who described herself as the first investor in Friendster.
"As Friendster became more popular, its overwhelmed Web site became slower. Things would become so bad that a Friendster Web page took as long as 40 seconds to download."
“They were talking about the next thing. Voice over Internet. Making Friendster work in different languages. Potential big advertising deals. Yet we didn’t solve the first basic problem: our site didn’t work."
Founder is sacked as CEO. 3 CEO's in a row leave quickly.
“We completely failed to execute,” Mr. Doerr said. “Everything boiled down to our inability to improve performance.”
"Today, MySpace has more than 50 times the number of monthly domestic visitors as Friendster."
Mr. Doerr added: “There are plenty of second acts in American business.”
Then NYT write a 4 page piece on it, which gets mashblogged.
Dude says no.
Kleiner juice him up.
$30m in stock would now be a billyen.
“Basically, Jonathan wanted to meet girls,” said Mark J. Pincus.
“Jonathan is very much an acquired taste,” said Larissa Le, a former Friendster employee.
"Mr. Abrams spoke of the all-star cast that had joined him at Friendster the way a Yankee fan might boast about the Murderer’s Row that George Steinbrenner assembles each year in pursuit of another World Series ring."
“Friendster ended up with three levels of V.P.’s, C.E.O.’s and board members who, although they had great résumés, they were not connected to the social networking concept and didn’t really use Friendster,” Ms. Gilbert, who described herself as the first investor in Friendster.
"As Friendster became more popular, its overwhelmed Web site became slower. Things would become so bad that a Friendster Web page took as long as 40 seconds to download."
“They were talking about the next thing. Voice over Internet. Making Friendster work in different languages. Potential big advertising deals. Yet we didn’t solve the first basic problem: our site didn’t work."
Founder is sacked as CEO. 3 CEO's in a row leave quickly.
“We completely failed to execute,” Mr. Doerr said. “Everything boiled down to our inability to improve performance.”
"Today, MySpace has more than 50 times the number of monthly domestic visitors as Friendster."
Mr. Doerr added: “There are plenty of second acts in American business.”
Then NYT write a 4 page piece on it, which gets mashblogged.
posted by redbarren at 10:59 PM
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