January 18, 2007
At the time, Anderson and DeWolfe were also members of Friendster, an earlier entrant in the category MySpace now dominates, and they decided to create their own social networking site. Their version omitted many of the restrictions Friendster placed on how users could express themselves…
In a recent interview with Fortune magazine, Friendster president Kent Lindstrom admitted his service stumbled at just the wrong time, taking 20 to 30 seconds to deliver a page when MySpace was doing it in 2 or 3 seconds.
As a result, Friendster users began to defect to MySpace, which they saw as more dependable.
Pretty interesting if you’d like to read up on their success and what pitfalls they came across as they rapidly expanded.