David Rosenthal: belief

Transcript context

…Reid Hoffman and Mark Pincus both put money into Friendster, if I recall. I think that’s right. Anyway, so they launched in May of 2003 and they have a really interesting sort of bootstrapping mechanic for the network to get how do you start a network from a cold start, and that was the infamous and product of a lawsuit later on as is a recurring theme on our show, the infamous scrape your address book and spam everybody in your email address book. Yeah, and in a very funny kind of super foreshadow-esque way, kind of reminds me of Microsoft. I mean they did this thing that was sort of sneaky and maybe would earn them a lawsuit and they sort of just did it knowing that the upside from doing this thing, it would be huge and it would be something where they would have to pay the price later. They got sued. I think it was $100 million suit later on for this. But, once they had the network, they had that pocket.…

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