NYT has an interesting story for entrepreneurs that discusses Friendster.Â It shows how one can be a pioneer and fail misrably.Â The best wxample of that is:
Â Roughly once a week, David L. Sze, a venture capitalist at Greylock Partners, hears from entrepreneurs who say they have the next MySpace, the copycat social networking site that has trounced Friendster. â€œThe counter to that is, â€˜Tell me why you arenâ€™t going to be the next Friendster,â€™ â€? Mr. Sze said. â€œItâ€™s become the iconic case of failure.â€?
Some good lessons in this article.