Facebook, Friendster, and Myspace

By editor on February 20, 2018 — 1 min read

[Facebook] should not have won, because we figured out [the relationship between an engaged user and the number of friends they had] in 2010, 2009. Friendster had almost 100 million users, well before us. Myspace had 150 million users well before us, and they both lost. Why? I think it’s because they had a similar “aha moment,” but it took them too long [to figure it out].

https://www.youtube.com/watch?v=6H37iyvEZJ8 (1:00:00)

Posted in: Entrepreneurship

Editor's Note

These are Chamath Palihapitiya's words. They are probably some of the best thoughts on VC, business, and life, but were scattered around the Internet. They live now in this archive.