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Byline: T.L. Stanley
It started with an idea, a beta test, about 20 people and no marketing budget.
A year later, Friendster.com is nearly 6 million users strong, valued at more than $50 million and referenced in the scripts of hot TV shows like Fox's "The OC.'' It's become, as Google before it, part of the pop culture lexicon, growing through word-of-mouth and the subsequent mainstream media coverage attracted to the buzz around it.
"It really was like that old shampoo commercial where you tell two friends and then they tell two friends and so on,'' says Jonathan Abrams, founder and CEO of Friendster, who pulled in 20 of his closest friends as the…
Source: HighBeam Research, Jonathan Abrams; Friendster: Viral marketing turns to viral nagging...