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 network startup, Friendster.com, is one of the intimately lustrous new profit companies, founded by Jonathan Abrams. Social networking has shown a divide of promise, with other startups, such as LinkedIn, Spoke and commonwealth Network, cosmos backed by large venture capitalist firms gushing(a) out a lot of money, almost $ 40 jillion. close fiver million Internet users have accessed Friendster, further if affect enough, Friendster hasnt make a cent in revenue. What makes Friendster different from earlier Internet companies, is its no frills approach: small offices and no marketing or public relations budget. Friendster had avoided taking venture capitalists money for the branch year, only now that they have accepted the $ 13 million dollar investment, those qualities that made them different have abundant since disappe ared. And, although they havent pass any money on advertising, the founder, John Abrams says, I dont call back many affable networ king companies besides Friendster are going to pass on a lot of traction, were a year old, and weve spent zero point dollars on advertising, and in a year or less, well be bigger than them - its a given. Friendster hopes to go up against other exchangeable come ins, similar Match.

com, but will allow their users to utilize their site for free, only paying for premium services, and also lack to lead many value added services, such as job referrals and class married person searches. Google.com, who tried to buy Friendster last October for $30 million, has launched their own social networking site, Orkut, which is a potential threat to Friendster. With the 20 something crowd being very faddish, its has been said that Friends! ter may have already reached their peak, but John Abrams is undeterred and confident, knowing that a good conk out strategy for Friendster is beingness acquired by a larger company, and cashing out. Friendster.com... If you want to get a full essay, order it on our website: OrderEssay.net

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