According to an article in today’s Mercury News, Friendster, that bizarre little fad for helping vapid trucker hat wearing hipsters in Williamsburg discover one another (okay, that was a cheap shot…I apologize), turned down a $30 million buyout offer from Google. That’s right, they were offered a $30 million dollar buyout. From Google. And they turned it down. I mean, I guess I can understand why, since they instead managed to raise $13 million in independent venture capital, but that in and of itself is downright freaking insane.
Let’s set aside for the moment that the dot com burst is still a painful memory for anyone who lived, worked, or was within earshot of the stretch of NYC once known as Silicon Alley or the barren wasteland of abandoned office buildings that makes up much of Silicon Valley. To raise any venture capital these days is a major feat (I should know…we just did here at netomat!), but in order to get any funding from any venture fund requires some serious, hardcore business plan (well, maybe not every fund), and I have seen nothing on Friendster that couldn’t be replicated in a weekend by any halfway competent programmer.
If the Friendster model of social interaction really does become the next big thing, it won’t be as an independent entity. It’ll be as part of one of the big matchmaking sites like Match.com, Lavalife or Nerve. And that’s still a big if. I wouldn’t be at all surprised if Friendster quickly goes the way of such other once high-flying dot coms as Pets.com, Blue Mountain or snap.com.






