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 lustrous new profit companies, founded by Jonathan Abrams. Social networking has shown a divide of promise, with other startups, such as LinkedIn, Spoke and family line Network, cosmos backed by large venture capitalistic firms gushing(a) out a lot of currency, almost $ 40 jillion. close fiver million Internet users have accessed Friendster, precisely if surprise enough, Friendster hasnt make a cent in revenue. What makes Friendster different from prior Internet companies, is its no frills approach: small offices and no trade or public relations budget. Friendster had avoided taking venture capitalists money for the branch year, plainly now that they have accepted the $ 13 million dollar investment, those qualities that made them different have commodious since disappe ard. And, although they havent pass any money on advertising, the founder, John Abrams says, I dont call back many kind networking 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, identical Match.com, but will allow their users to utilize their site for free, only paying for premium services, and also lack to lead about value added services, such as job referrals and class fellow traveller 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 beingness very faddish, its has been said that Friendster may have already reached their peak, but John Abrams is undeterred and confident, knowing that a good proceeds strategy for Friendster is beingness acquired by a larger company, and cashing out. Friendster.com... If you want to get a full essay, or! der it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay