A new social network startup, Friendster.com, is one of the most promising new Internet companies, founded by Jonathan Abrams. Social networking has shown a lot of promise, with other startups, such as LinkedIn, Spoke and Tribe Network, being backed by large venture capitalist firms pouring out a lot of money, almost $ 40 million.
Almost five million Internet users have accessed Friendster, but surprising enough, Friendster hasn't made a cent in revenue. What makes Friendster different from previous Internet companies, is it's no frills approach: small offices and no marketing or public relations budget. Friendster had avoided taking venture capitalist's money for the first year, but now that they have accepted the $ 13 million dollar investment, those qualities that made them different have long since disappeared. …
