UPDATE: more info just released on Techcrunch.
3 million pre valuation?!?!
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I was just tipped off by a respectable source that Friendster got recapped by Kliener & Perkins.
Interesting…
Makes me wonder what exactly is going on here?
I wrote a previous article about a supposed sale to Viacom and so I’m only guessing this is probably due to some friction between the VCs (Battery Ventures, Benchmark Capital, and Kliener & Perkins).
Anyhow, looks like KP is still in the game.
Maybe they’ll use it as an entreprise app: just to keep track of alums of all the Kleiner companies, and all their connections. Mostly kidding…but actually, it’s not such a bad idea!
who knows?? I’m sure KP has something planned.