Brewed Fresh Daily
Anotated links from a Cleveland area obsessive coffee drinker, avid quotation collector, voracious internet content consumer, amatuer social network analyzer, and armchair economic developer. Recently referred to as a "web activist".4/22/2004
Not fast enough for the VCs
"As Matt Marshall at San Jose Mercury News puts it, �it�s part of life here in Silicon Valley�. Nonetheless, it�s still pretty shocking news. It seems that Friendster founder Jonathan Abrams and Plaxo creator Sean Parker have been ousted from their respective leadership roles. Abrams will remain in a role as company founder, but Parker has apparently been locked out of the company. The reason? Simple � they weren�t making money fast enough for the VCs. Think the timing�s a coincidence? Probably not. Turns out former Yahoo CEO (and interim Friendster CEO) Tim Koogle and Google angel investor Ram Shriram are both major investors in Plaxo and Friendster. This also comes amid rumors that AOL is talking about buying Plaxo.Now, I'm grateful I never started using Plaxo.
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