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August 1, 2006
Friendster's New Business Model, Litigation
Posted by Dave Evans
Lot's of interest in the Friendster patents. Mark Brooks thinks they will come back, this time with yet another management restructure. I don't know Kent Lindstrom, Friendster's president and original investor/advisor, but just what is he bringing to the table this time around besides a playbook written by Myspace or media deals? How many strategy revisions how much money does it take to get it right? Shift the demographic focus to 12-16 year olds, Friendster for seniors? Even more ads?
I think a comeback highly unlikely. All indications are that this will play out in courtrooms, not Alexa rankings. It's sad Friendster has no other option than litigation. Not very friendly after all.
Full WSJ story.
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Comments (1)
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1. John M. on August 3, 2006 12:53 PM writes...
Maybe they can raise some more VC money for litigation costs. How does Kliener feel about diluting their shares a little more, at this point maybe they're ready to say WTF, let's go for Series Q funding?
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