StudiVZ - German FaceBook Gets $100 Million Exit in 14 Monthsposted by MR WAVETHEORY at 1/04/2007 03:21:00 PM
A few months ago, I wrote about Chinese FaceBook, Xiaonei. Xiaonei got acquired 10 months after launch in October 2005. Xiaonei took less time to get acquired, but the exit was not nearly as large as the $100 million that StudiVZ is getting. StudiVZ took longer to get acquired, but it certainly sets the record for Facebook knockoffs.
Did I mention that StudiVZ is still in beta? I must have forgotten.
Any body say bubble? Did I hear bubble? Anyone? Bueler? Anyone?
StudiVZ blog entry about the acquisition
English Translation of DeSpiegel article
Great backgrounder on StudiVZ