Feeds

VCs back Friendster

Let a million fake IDs bloom!

  • alert
  • submit to reddit

Intelligent flash storage arrays

Unemployed HTML coders, take heart: gullible Venture Capitalists can again be tapped for cash to bring implausible business plans into life.

The phenomenal popularity of the Friendster social network where people meet online friends has prompted Silicon Valley fund managers to give the Bright Young Things another chance. Some 1.8 million identities - many of them fictional - haunt the Friendster network.

Friendster received $1m in private equity from three investors including the co-founder of PayPal earlier this month, and Kleiner Perkins and Benchmark have apparently coughed up $10 million more.

But why is that founders of social networks often seem to be the most anti-social people in the industry, as this delicious feature story in SF Weekly describes. The snarling founder of Friendster, Jonathan Abrams isn't a weblogger, but he has all the characteristics of a blog-bore: he can't stand criticism, and he can't get a date.

His policy of deleting fictional identities has riled his creative users so much that it's spawned a neologism - Fakester. Fakesters have their own manifesto, and the Fakesters even held a protest event in San Francisco at an appearance by Abrams at a Commonwealth Club 'Urban Singles' night earlier this month.

Abrams doesn't just hate Fakesters using Friendster because it makes his link-maps so dense (for example, everyone wants to link to 'God', or 'San Francisco'). He makes money by the degrees of separation between users: and users quite quickly realise they don't need a Dweeb sitting in the centre of this network, playing match-maker.

There's certainly a modest business model to be made from such software: British site Friends Reunited is the classic example of a social phenomenon that has successfully supported a mom n'pop operation (albeit by now a bloody rich mum and dad). The wonderful Hot Or Not also shows a simple idea can prosper, if it's good enough. ®

Internet Security Threat Report 2014

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.