How MySpace Is Beating Friendster
I came across a link to a great whitepaper explaining how MySpace has grown faster and overcome the pace of Friendster. You can find it on The Virtual Handshake, a blog by Scott Allen and David Teten that anyone interested in social networking should read (in addition to their book):
Last year, our ex-employee A.J. Al-Fayez introduced me to two current Harvard MBA students, Matthew Chun and David Morland. Matthew and David are both former engineers and management consultants, with an interest in internet and technology businesses. As a part of John Wells’ class entitled “Strategic Agility: Competing On The Edge,” they wrote a strategic analysis of social networking companies, with a focus on why MySpace overtook Friendster. This article is must-reading for anyone interested in building a successful online community, but particularly the folks at MySpace. It’s very easy to lose buzz and excitement in an online community, just as today’s hot bar can be tomorrow’s hangout for geeks. MySpace has no guarantee that it will retain its current audience in the future, something Friendster knows all too well.
You can find the whitepaper here.