John Paczkowski

Recent Posts by John Paczkowski

Friendster: The Orkut of Asia

Tell me why you aren’t going to be the next Friendster.”

Venture capitalist David L. Sze’s 2006 litmus test for entrepreneurs who claimed to have the next MySpace.

If Orkut is the Facebook of Brazil, then Friendster is the Orkut of Asia. The company, which created the social- networking market only to forfeit it to Myspace and Facebook, is apparently doing quite well in Asia. So much so, that it’s used its success on that continent to secure some new venture funding and a CEO with a Google (GOOG) pedigree. In a statement proclaiming itself the No. 1 social network in Asia this morning, Friendster named Richard Kimber, Google’s Managing Director of Sales and Operations for South East Asia, as CEO. The company also said it has raised $20 million in new venture funding from DG Ventures, Kleiner Perkins Caufield & Byers, Benchmark Capital, DAG Ventures, and the Founders Fund. Friendster plans to use that money to hire up and bolster its presence across Asia, specifically Singapore, the Philippines, Malaysia, and Indonesia.

Perhaps, we’ll see that Friendster movie yet–though I still can’t imagine a worse concept.

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December 29, 2013 at 2:12 pm PT

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December 29, 2013 at 5:58 am PT

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December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work