Tuesday, October 17, 2006

Wallflower at the Web Party - New York Times

 This won't be the only candidate for the official Bubble v2 PointCast Syndrome Award.

Go for it, he did. Mr. Abrams spurned Google’s advances and charted his own course. In retrospect, he should have taken the $30 million. If Google had paid him in stock, Mr. Abrams would easily be worth $1 billion today, according to one person close to Google. And with Google’s ample resources, Friendster might have solidified its position as the pioneering front-runner in social networking. Instead, Mr. Abrams has the distinction of founding a company that is shorthand for potential unmet.

Source: Wallflower at the Web Party - New York Times

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