Wallflower at the Web Party

"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... But at the same time, some of the biggest names in Silicon Valley were lobbying Mr. Abrams, a computer programmer, to reject Google’s offer." The fall of Friendster, which recently couldn't get bought for $20mm at a time when MySpace had already gone for nearly $600mm.

Via Slashdot

Oct 16, 2006 in Biz | Comment