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Originally Posted by stereolab
is this true? i haven't seen any recent news about friendster raising any money.
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Here is the story I read about friendster's valuation:
http://www.techcrunch.com/2006/02/02...recapitalized/
"The rumor floating around over the last week, which I?ve heard from multiple sources close to Kleiner Perkins, is that the fund has stepped in to stop a shutdown. They have injected limited additional funds (I?ve heard numbers between $5 million and $12 million) and have restructured the capitalization of the company to heavily favor their fund (this would be customary in a recapitalization)."