Friendster, Love and Money, The New York Times, 24 Jan 2005

“Jan. 23 - Fifteen months ago, Friendster enjoyed the kind of enviable status that Silicon Valley start-ups dream of: A-list investors and millions of users flocking to its Web site to browse profiles posted by friends and friends' friends, in search of dates or playmates… "I think Friendster really missed their big opportunity," said Mark J. Pincus, who is an investor in Friendster and the founder of Tribe Networks, a budding social networking Web site that hopes to capture some of the print classified advertising market. "They weren't quick to turn on new functionality, where a company like MySpace kept innovating and adding new features."

Full story at http://www.nytimes.com/2005/01/24/technology/24network.html?pagewanted=1&ei=5088&en=8340d80fb2fce341&ex=1264482000&partner=rssnyt