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News & Updates - Monday, April 24, 2006

The $1B Startup Whose CEO's Card Reads - "I'm CEO...Bitch"

[Yes, the founder and CEO of Facebook, Mark Zuckerberg, has business cards that read "I'm CEO...Bitch," says Rolling Stone Magazine.]

The prevailing wisdom is surely that a college-age student like Facebook founder Mark Zuckerberg has no business running such a highly-valued startup.

Zuckerberg

The a:c differs. Put a suit like Steve Case or a dweeb like Steve Ballmer in charge of MySpace and the company may become more operationally sound, but the kids will smell the adult supervision and will run for the doors.

The same can be said of MySpace. Take out the cool kids who run MySpace, Cris DeWolfe and Tom Anderson, and have their minder - the News Corp. suit Ross Levinsohn - in charge, and MySpace will go the way of Friendster.

DeWolfe & Anderson

Social networks like Facebook and MySpace are not about technology. They are about attitude and putting kids in charge.

Read - For MySpace, Making Friends Was Easy. Big Profit Is Tougher (NYTimes)