friendster v myspace v facebook

Welcome back to fayl safe, the series where I break down startup concepts and history.Episode two. Social media.Specifically why Friendster turned down a $30 million offer from Google, why MySpace sold for $580 million in two years and then got offloaded for $35 million, and how a 19 year old Harvard student ended up winning.There are lessons in here that still apply to every founder building.We get into 👇:★ Six Degrees, the first ever social network launched in 1997 and why it failed before anyone knew it existed★ Friendster, the $30 million Google offer that got rejected, and what happened next★ Why Friendster's tech couldn't handle its own growth and what technical debt means★ MySpace, 75 million users, Calvin Harris getting his big break, and a $580 million exit in two years★ How Facebook won by being elitist, exclusive and growing slowly on purpose★ Why being first to market is not always an advantage and what the fast follower gets rightp.s. please leave a comment if you're reading this and let me know your thoughts!p.p.s subscribe (thank you very much)Chapters:0:00 the teaser1:51 six degrees, the og social network nobody remembers6:05 friendster turned down google for $30 million13:59 myspace watched friendster die 18:35 rupert murdoch paid $580 million for myspace23:23 zuckerberg launches the facebook from his dorm room30:30 reid hoffman buys the six degrees patent 39:30 friendster finds a second life in asia 47:26 what news corp did to myspace52:30 why friendster changed everything #startuppodcast #faylsafe #startuphistory #socialmedia #buildinginpublicFollow us on all platforms!Instagram ~ @fayltalesTiktok ~ @fayltales LinkedIn ~ @fayltales