Sagging social network Friendster was awarded a patent on some pretty fundamental qualities of online social networking late last month. The patent covers the determining and display of relationships between individuals who have entered personal information into a social network; specifically, determining who is in your circle of friends and who isn’t. The patent application was filed just… → Read More

Since ceding social network dominance to Myspace in 2004, Friendster has gone through massive reorganizations, countless consultants and three CEOs. Even a Kleiner partner fell due in part to his mismanagement of the company at the board level. However, under the current leadership of Kent Lindstrom, one of the founders (and CFO until taking over early this year), Friendster is making a comeback… → Read More

Embattled social networking site Friendster, with an impressive group of investors that includes Kleiner Perkins Caufield & Byers, BenchMark Capital and Battery Ventures, has not been able to keep up with competitors. Even so, not many companies can claim to have John Doerr, Bob Kagle, Jeffrey Katz, Tim Koogle and Roger Lee on their board. It is a poorly kept secret that Friendster has been… → Read More