If Friendster was bought by Google...
IF Friendster founder Jonathan Abrams accepted Google's offer of $30 Million back in 2003 for the site which is only a year old, what could have happened?
$30 million for a year old website which originally was meant to be a tool for Mr. Abrams to look for pretty girls on his friends networks may seem to be a good idea. However, due to certain reasons, which I think Mr. Abrams seriously considered back then was the offer of $13 million from Kleiner Perkins Caufield & Byers for a stake at the company and the promise that they will make Friendster into a money-making cow.
However, if the initial offer from Google was $30 million worth of stock, then according to some speculations from Google insiders, He may be easily worth $1 billion today.
Some say that Friendster could have been bigger than it is now and not lurking on the shadows of Myspace. I think Friendster is not on the way down just yet. It could still be as promising as it was before. With proper funding and management, it may just be able to do so.
PS: Just read Marc's post regarding the confirmation of Google setting up a shop in the Philippines and they are looking for Adsense Coordinators and persons in Engineering.
Adsense Coordinator sounds like a cool job. :D
$30 million for a year old website which originally was meant to be a tool for Mr. Abrams to look for pretty girls on his friends networks may seem to be a good idea. However, due to certain reasons, which I think Mr. Abrams seriously considered back then was the offer of $13 million from Kleiner Perkins Caufield & Byers for a stake at the company and the promise that they will make Friendster into a money-making cow.
However, if the initial offer from Google was $30 million worth of stock, then according to some speculations from Google insiders, He may be easily worth $1 billion today.
Some say that Friendster could have been bigger than it is now and not lurking on the shadows of Myspace. I think Friendster is not on the way down just yet. It could still be as promising as it was before. With proper funding and management, it may just be able to do so.
PS: Just read Marc's post regarding the confirmation of Google setting up a shop in the Philippines and they are looking for Adsense Coordinators and persons in Engineering.
Adsense Coordinator sounds like a cool job. :D
posted by Just Me at 9:30 AM
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