Friendster scoops up $10 million in funding

Iria · Aug 21, 2006, 10:09 PM

Source: ZDNet
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Friendster has landed a $10 million investment, providing the struggling pioneer of social-networking sites with funds to recapture defecting users and establish new friendships.

Friendster, which over its brief three-year history has lost its social-networking lead to such challengers as MySpace.com and Facebook, received the investment on Monday from venture capitalists DAG Ventures, Kleiner Perkins Caufield & Byers and Benchmark Capital.

Aug 21, 2006, 10:09 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Friendster scoops up $10 million in funding Source: ZDNet ________ Friendster has landed a $10 million investment, providing the struggling pioneer of social-networking sites with funds to recapture defecting users and establish new friendships. Friendster, which over its brief three-year history has lost its social-networking lead to such challengers as MySpace.com and Facebook, received the investment on Monday from venture capitalists DAG Ventures, Kleiner Perkins Caufield & Byers and Benchmark Capital.