Jonathan Abrams founded Friendster – the first online social network to attract millions of users. The site was wildly successful after its launch in 2002, and by 2003, Jonathan faced two options: sell out to Google for $30 million, or partner with private investors.
Jonathan chose to partner, and in his eyes, things went downhill from there. By 2004, Friendster had been eclipsed by sites like MySpace and, more recently, Facebook.
Dick talks with Jonathan about what he learned from the success and later failure of Friendster, and how he plans to compete with a new social networking project in what has become a very crowded field.