Friendster: Poised for a Comeback
With $10 million in new funds and a second patent, the social networking pioneer has big plans for an improved site to rival MySpace
Comebacks can be hard to stage—though not impossible. Just ask George Foreman, Bill Clinton, or the folks at Volkswagen who resurrected the Rabbit. Investors are betting $10 million that social networking site Friendster.com can join such ranks.
Friendster announced its new funding round, led by Palo Alto -based venture capital firm DAG Ventures, on Aug. 21. Two of Friendster's original investors, Kleiner Perkins Caufield & Byers and Benchmark Capital, took part.
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