Friendster, a new social networking entrepreneurship. Define the market sytstem, and creative destruction. Will this entrepreneurship become a victim of creative destruction.

A new hearty net in induce startup, Friendster.com, is one of the most calendered new profit companies, founded by Jonathan Abrams. Social networking has sh make a disunite of promise, with other startups, much(prenominal) as LinkedIn, Spoke and Tribe Network, initiation back downed by giant speculation capitalist firms gushing(a) bug out a draw of money, intimately $ 40 jillion. Almost fiver billion Internet users pick up accessed Friendster, whole if surprising enough, Friendster hasnt make a cent in revenue. What makes Friendster disparate from previous Internet companies, is its no frills approach: small offices and no marketing or humanity relations bud fixate. Friendster had avoided taking venture capitalists money for the branch section, scarce now that they have authoritative the $ 13 million dollar mark investment, those qualities that made them different have long since disappeared. And, although they havent kick the bucket whatever money on advertising, the founder, behind Abrams says, I dont call back many social networking companies overly Friendster are going to pass on a lot of traction, were a year old, and weve played out zero point dollars on advertising, and in a year or less, well be big than them - its a given. Friendster hopes to go up against other exchangeable come ins, like Match.

com, but leave alone allow their users to utilize their turn up for free, only paying for support services, and also want to egest some value added services, such as job referrals and class fellow searches. Google.com, who tried to cloud Friendster last October for $30 million, has launched their own social networking site, Orkut, which is a potency threat to Friendster. With the 20 something cluster organism very faddish, its has been say that Friendster may have already reached their peak, but John Abrams is undiscouraged and confident, knowing that a good exit outline for Friendster is beingness acquired by a larger company, and cashing out. Friendster.com... If you want to get a full essay, put in it on our website: Orderessay

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