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January 04, 2007

StudiVZ - German FaceBook Gets $100 Million Exit in 14 Months

posted by MR WAVETHEORY at 1/04/2007 03:21:00 PM
StudiVZ, a German Facebook clone, has been acquired for $100 million.The network was launched in October 2005 by two students from Berlin, but in the meantime has collected an undisclosed sum of investments by, among others, the media group Holtzbrinck and the Samwer brothers, founders of the ringtone vendor Jamba!. Similar services have just been launched in France (StudiQG), Italy (StudiLN), Spain (EstudiLN), and Poland (Studentix), other countries are supposed to follow. (via). In and out in 14 months!

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

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