{"id":520,"date":"2004-01-04T04:05:32","date_gmt":"2004-01-04T09:05:32","guid":{"rendered":"https:\/\/rojisan.com\/blog\/2004\/01\/betting-on-friendster-and-making-it-official\/"},"modified":"2004-01-04T04:05:32","modified_gmt":"2004-01-04T09:05:32","slug":"betting-on-friendster-and-making-it-official","status":"publish","type":"post","link":"https:\/\/rojisan.com\/blog\/2004\/01\/betting-on-friendster-and-making-it-official\/","title":{"rendered":"betting on friendster, and making it official"},"content":{"rendered":"

i just have to stick my nose in this one… i just saw jeremy zawodny (missing the point of social networks<\/a>) throwing a $1000 gauntlet into the net, and within 3 hours or so, it’s accepted by richard stokes (i’ll take social software for $1,000 please, alex<\/a>).<\/p>\n

my name isn’t alex, but i just have to see how this plays out. i suggest our two friendly dissenters hie themselves to long bets<\/a> and make it official. we have a slight gap between the two bets at this point,<\/p>\n

\n
jeremy zawodny<\/a><\/div>\n

If you really think that Friendster scored over $10 million in VC funding on the premise of being nothing more than a “browse your friends” site, get real.<\/p>\n

Or maybe I’m the one smoking crack. But I’d bet you $1,000 I’m not.\n<\/p><\/blockquote>\n

\n
richard stokes<\/a><\/div>\n

Given the historical track record that 70% of all VC-backed ventures go nowhere (or worse), I\u2019ll be happy to take an even-money bet for $1,000. How do you propose we decide if it is a commercial success or not?\n<\/p><\/blockquote>\n

so we’re not exactly on the same page with “commercial success” versus “nothing more than a browse your friends site,” but there’s got to be a way to make this work. surely, keeping me entertained in some small way is worth $1000 to these two gentlemen :)….<\/p>\n

since we’ve got the vc angle, i suggest a short-term long bet, something on the order of 3 to 5 years, to match the vc horizon. this also needs a fundamental metric of some sort, such as “still operating.” from there, jeremy and richard need to work out what constitutes a significant change in the friendster model.<\/p>\n

these are smart people. this should be good.<\/p>\n

update<\/strong> (2004.01.06): updated link for startupskills<\/p>\n","protected":false},"excerpt":{"rendered":"

i just have to stick my nose in this one… i just saw jeremy zawodny (missing the point of social networks) throwing a $1000 gauntlet into the net, and within 3 hours or so, it’s accepted by richard stokes (i’ll take social software for $1,000 please, alex). my name isn’t alex, but i just have […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts\/520"}],"collection":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/comments?post=520"}],"version-history":[{"count":0,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts\/520\/revisions"}],"wp:attachment":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/media?parent=520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/categories?post=520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/tags?post=520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}