Facebook.com Dilemma: Build or Sell
Filed in archive Soc Network Sites by Mark Brooks on February 26, 2007

, who is now CTO for social-networking start-up, Ning. Had MySpace remained independent, it would probably be worth $5 billion now, Andreessen estimated. Friendster turned down a takeover bid from Google in 2003; $30 million in Google stock that would be worth about $1 billion today. Abrams left Friendster in 2004, after a falling out with the company's venture capitalists. FULL ARTICLE @ LA TIMES/br>
Mark Brooks: Coulda, shoulda, woulda. Experience is the toughest teacher, it gives you the test first and the kick-in-the-ass lesson afterwards. Beyond the Google offer, Friendster should have wrapped it's arms around Hollywood earlier on. Not music, like MySpace, but Hollywood, and videos. Ex-NBX exec, (#2 of 4 Friendster CEO's) Scott Sassa, failed to make the connection with Hollywood unfortunately. Friendster promoted the Pamela Anderson TV show and MySpace followed up by promoting the The Office sequel. Friendster was aced on music, Hollywood, server speeds and user empowerment. Kent Lindstrom is Friendster's CEO now. He may well re-establish Friendster as a worthy first tier (top 5) social network. He was a Friendster early investor and the CFO in 2004.
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