Eyeballs are IN Again

I loved Friendster as much as the next guy for the 20 minutes I played on it, but I just don’t see how it is worth $10 million. Does anyone remember “I kiss you” the dancing Arab guy meme? Am I Hot or Not? Sure there have been sites that have generated enormous traffic, but where are they now? Certainly not making $10MM. What am I missing that these classic dot com investors get (Yahoo, PayPal, etc.)? I understand the network effects and online dating applications for Friendster, but …

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