Sean Parker: Facebook Should Not Have Won, MySpace Blew It

Why did Friendster and MySpace fail where Facebook found phenomenal success? It's not that the site was better marketed, designed or had fancier code, according to Sean Parker, the former president of Facebook and now managing partner of Founders Fund. "MySpace never would have existed if Friendster had been a properly managed company," he said.

And MySpace? "The only reason we won was because of the gross incompetence of MySpace systematically over a period of many years," Parker said. That's moderator and Katalyst-founder Ashton Kutcher at stage right, Twitter-co-founder and chairman Jack Dorsey at stage left. The three were speakers at Fast Company's Innovation Uncensored conference held on April 21, 2010, in New York City. For those who didn't score a ticket to the sold-out event, we're offering highlights throughout the week.

Discuss the event and submit questions to the speakers at the Innovation Uncensored Facebook page.

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3 Comments

  • DAvid Schnell

    Microsoft is a private enterprise. It knows that it could not manage MySpace profitably. Facebook is run by the information wing of the New World Order government (or whatever you wanna call it) and is could not ever be profitable. It's too much public data on too many people and can only be privatized by those who own it... if they did that ,they could no longer be the New World Order. Does that make sense?

  • Chris Reich

    Apple and MicroSoft? K-Mart and WalMart? Sears and Wal-Mart?

    I still don't understand why I like Facebook. I guess because I can feel like I have contact with friends as I read posts about where they ate dinner or went on vacation. It's like a People magazine of "my" people. Not real news. Don't really know what's happening in their lives but I feel like I know them.

    Chris Reich
    TeachU.com