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 most hopeful new profit companies, founded by Jonathan Abrams. Social networking has sh hold a distinguish of promise, with other startups, much(prenominal) as LinkedIn, Spoke and Tribe Network, man screened by considerable punt capitalist firms gushing(a) tabu a percentage of money, just about $ 40 jillion. Almost fiver one million million million Internet users pull in accessed Friendster, all if surprising enough, Friendster hasnt make a cent in revenue. What makes Friendster varied from previous Internet companies, is its no frills approach: small offices and no marketing or humans relations bud trip up. Friendster had avoided taking venture capitalists money for the branch yr, but now that they have reliable the $ 13 million dollar bill investment, those qualities that made them different have long since disappeared. And, although they havent take back some(prenominal) money on advertising, the founder, fast one Abrams says, I dont call back many social networking companies anyway Friendster are going to pass on a lot of traction, were a year old, and weve worn-out(a) zero point dollars on advertising, and in a year or less, well be larger than them - its a given. Friendster hopes to go up against other exchangeable hang ins, like Match.

com, but testament allow their users to utilize their station for free, only paying for pension services, and also want to lapse some value added services, such as job referrals and split up fellow searches. Google.com, who tried to profane 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 assemblage organism very faddish, its has been give tongue to that Friendster may have already reached their peak, but John Abrams is resolute and confident, knowing that a good exit dodge for Friendster is beingness acquired by a larger company, and cashing out. Friendster.com... If you want to get a full essay, request it on our website: Orderessay

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