Quotes About Social-networking

The reason the social-networking phenomenon is something that I invested in early and massively - I led the Series A financing for Friendster; I founded a company called Socialnet in 1997; I founded LinkedIn; and I was part of the first round of financing in Facebook - it sounds trivial, but people matter.

Time is our most precious currency. So it's significant that we are being encouraged, wherever possible, to think of our attention not as expenditure but as consumption. This blurring of labor and entertainment forms the basis, for example, of the financial alchemy that conjures deca-billion-dollar valuations for social-networking companies.

Google views Facebook as a threat to its business and has been trying to launch a social-networking service to compete with it.