October 18, 2006
This is a classic story of a hot young thing that skyrocketed to fame, got blinded by the dazzling lights of scrutiny and thudded back to Earth to peter out of sight with a whimper. Thats the story of Friendster, the first-ever "MySpace-to-be" touted to be the next billion-dollar empire but became a spectacular failure millions of dollars later. John Doerr, Ram Shriram, Peter Thiel (co-founder of PayPal) , Tom Koogle (chief executive of Yahoo through the second half of the 1990’s). It was an All-Star Team. No one could touch them. Google tried buying them in 2003 for $30M but was rebuffed. Friendster thought it could be much bigger, maybe something bigger than what Google is today.
Recommended by Anonymous Coward: "For some of us, Friendster has been part of our lives in secondary school, JC and then uni. We grew up with it, thinking it was cool to connect and "kapo" on our friends there. But its a real dud in America. Why MySpace became so hot and Friendster sucks (with thos slow loading of their pages) should be commuicated to Singaporeans. "