Speed dating for fundraising
Neither is a particularly good backdrop for trying to raise capital, because Investors see a lot of pitches. What model/criteria/triggers do they use to judge whether a project will be successful or not?
The blue boxes identify the corresponding markets for those products.
Although the blue boxes are equally sized, we knew that the largest portion of our revenue would come from the recruiting space (the 2nd blue box labeled “Jobs”).
What we didn’t know was which product — specifically, listings or subscriptions — would have the higher dollar volume.
Facebook, by the way, was not yet on most people’s radars in the summer of 2004.
Friendster’s valuation set the tone for the entire social networking space.