Wallflower at the Web Party – Friendster
Today’s New York Times paints a not so pretty picture of the opportunities that Friendster had to sell to Google and others back in 2003.
Having not taken the money, Friendster went on to raise venture capital funding and then quickly found itself outpaced by Myspace.
If they had taken the money, Friendster founder Jonathan Abrams would be sitting on nearly $1.0 billion in Google stock.
Is it better to take the sure thing? Or to risk it all to go for the jackpot.
Not sure what your choice would be, but $30m isn’t a bad deal in my mind. I could live on that…
Matt Craven is the former editor & publisher of The Blog Herald. Currently, Matt is the co-founder of Bryghtpath LLC, a consulting practice located in Woodbury, Minnesota. Matt's presently looking for new blogging gigs. Ping him at matt (at) bryghtpath dot com. You can follow him on Twitter.
This just goes to show you that everyone thinks their dick is bigger than it really is.