http://venturebeat.com/2006/08/21/friendster-raises-10-million-more-facebook-valued-at-500m/ News About Tech, Money and Innovation Wed, 25 Nov 2009 12:19:57 +0000 http://wordpress.org/?v=2.8.5 hourly 1 http://venturebeat.com/2006/08/21/friendster-raises-10-million-more-facebook-valued-at-500m/comment-page-1/#comment-817363 Friendster Part LVII | Bronte Media Thu, 19 Jun 2008 14:07:14 +0000 http://venturebeat.com/vc/2006/08/21/friendster-raises-10-million-more-facebook-valued-at-500m/#comment-817363 [...] was re-capitalized in August of 2006 and has raised a suprisingly small amount of capital in aggregate. The investors in that round, as [...] [...] was re-capitalized in August of 2006 and has raised a suprisingly small amount of capital in aggregate. The investors in that round, as [...]

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]]> http://venturebeat.com/2006/08/21/friendster-raises-10-million-more-facebook-valued-at-500m/comment-page-1/#comment-5220 In the Know Mon, 21 Aug 2006 10:47:47 +0000 http://venturebeat.com/vc/2006/08/21/friendster-raises-10-million-more-facebook-valued-at-500m/#comment-5220 Facebook's valuation was actually more like $750MM. Which implies that the investors are looking for an exit valuation of ~$3-4Bn. Could that be what's behind their opening up to corporations and high schools in a stab to grab as many users as MySpace? In the process they've begun to piss off their core constituency (college kids). Valuation-driven business strategy NEVER succeeds.... Facebook’s valuation was actually more like $750MM. Which implies that the investors are looking for an exit valuation of ~$3-4Bn. Could that be what’s behind their opening up to corporations and high schools in a stab to grab as many users as MySpace? In the process they’ve begun to piss off their core constituency (college kids). Valuation-driven business strategy NEVER succeeds….

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