Saturday, October 20, 2007

Friendster Newsletter: Now in Chinese

Friendster OCTOBER 2007
Hi Jeremy
New on Friendster New on Friendster
Friendster Chinese Friendster Chinese
You can now invite friends and family who know Chinese to join you on Friendster. You can also input information on your profile, comments, messages, shoutouts and bulletins in Chinese or ANY language. To view Friendster in Chinese, simply use the links in the upper right corner. Friendster will be available in more languages soon...

>> Check it out
NEW Fan Profiles Video NEW Fan Profiles Video
We have posted a new video to show the world what Fan Profiles are all about. If you know a band, singer, model, artist or organization looking for promotional exposure, please forward this video to them. Also, don't forget to check out all the new Fan Profiles, we're adding more every day.

>> Watch the Video
Featured Fan Profiles Featured Fan Profiles
Browse all of our featured fan profiles. Don't forget to become a fan of your favorite ones.
Eli Reed
I am ED
The Matches
Samantha James
John II Cena
Meat Puppets
Friendster home Friendster home
Check your messages Check your messages
Edit your profile Edit your profile
Edit/Upload photos Edit/Upload photos
Your friends Your friends

Exclusive CMJ Videos Exclusive CMJ Videos
We're broadcasting some exclusive video footage from the CMJ Music Conference in New York City with the help of Visit the Fan Profile to see what artists are participating and which Fan Profiles this video content will be posted on.
>> See details
CMJ Events CMJ Events
Additionally, we're sponsoring a few artist showcases in association with SideCho Records at CMJ. Visit the SideCho Fan Profile to see where and when these are happening.
>> See details

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Thursday, October 18, 2007

MySpace to Open Up, Too

MySpace to Open Up, Too

When media tycoon Rupert Murdoch surveys his empire, something looks amiss. His Internet crown jewel, MySpace, boasts 110 million users—more than double the tally for archrival Facebook. Yet Facebook is on the verge of taking a chunk of cash that could give it a value of $15 billion, while shares of Murdoch's News Corp. (NWS) family of businesses have barely budged this year, despite rapid online growth.

What gives? "It tells you that News Corp. is totally underpriced," Murdoch, the company's chief executive, said of his company's share performance at a Web industry conference Oct. 17. Earlier in the day, Mark Zuckerberg, CEO of social networking site Facebook, told attendees that the company has nearly wrapped up financing that could value it at $15 billion (, 10/17/07). This year shares of News Corp., which closed Oct. 17 at $23.64, are up just 1.4%, giving the company a market value of $69.61 billion—just five times Facebook's potential value, on nearly 200 times its revenue.

Third-Party Programs

Murdoch and MySpace co-founder and CEO Chris DeWolfe have a plan to change the parent company's online fortunes: They'll make it easier for outside software developers to build MySpace tools and then let them share in resulting ad sales. MySpace is following in the footsteps of Facebook, Apple (AAPL), and other tech trailblazers in harnessing the legions of programmers, many of them independent or affiliated with smaller companies, jonesing to craft the next big consumer application, be it related to games, photos, music, or other interests. "We are opening our platform within the next couple of months to all developers," DeWolfe said at the Web 2.0 conference put on by O'Reilly Media in San Francisco.

For News Corp., the aim is to generate revenue by courting new users and making current ones more active by giving them more to do on the site. Within the next two weeks, MySpace intends to publish a catalog of third-party programs that users can easily find and add to their pages. By December, MySpace plans to test with 2 million members a special portion of the site for installing applications that developers create using tools supplied by MySpace. Most of that software will eventually end up on the broader site, DeWolfe said.

Perhaps most important, MySpace will give outside developers a special page on which they can sell ads. That's big news for developers, whose businesses rest on the booming market for add-on "widget" software for Facebook, MySpace, and other social networks. Facebook's growth has boomed since May, when it opened up. Max Levchin, founder and CEO of widget software maker Slide, calls the ability to sell ads "the single most exciting opportunity for widget makers on MySpace," in an interview before News Corp.'s announcement. "Facebook's innovation was that you don't need a relationship with them to share revenue with them," he says. "They didn't invent the concept of widgets. But they got millions of people to stick around, and they actually made real money. Developers have a financial incentive to play."

Wednesday, October 17, 2007

Why Google Won't Help Your VC Pitch


Why Google Won't Help Your VC Pitch

A conversation with a top venture capitalist yields three cautionary pieces of advice for Web startups seeking seed funding. parent sold for $300 million | Tech News on ZDNet parent sold for $300 million | Tech News on ZDNet

The Generations Network, parent company of, said on Wednesday that Spectrum Equity Investors will lead an investment of $300 million to buy a majority stake in the company. Spectrum, a Menlo Park, Calif.-based private equity firm with $4 billion in investments, has been a shareholder in TGN since 2003. Its portfolio includes a variety of financial services, media and communications companies. Additional terms of the transaction were not disclosed. has collected more than 5 billion names from historical records and counts 2.5 million active site members. TGN owns a portfolio of sites including and related international sites,, and Other products include Family Tree Maker software and Ancestry Magazine.

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