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Myspace Opportunities: Chris Dewolfe And Tom Anderson

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MySpace Opportunities
Founders’ experience
Chris DeWolfe and Tom Anderson were able to recognize the opportunity for MySpace due to their previous experience in the expanding Internet market. They both grasped a firm understanding of the Internet advertising market while working together for almost three years on projects that both failed and succeeded. After working at first for Xdrive, an Internet data-storage company that fell victim to the dot-com bubble burst, DeWolfe and Anderson learned a lot about which strategies to execute and which to ignore when trying to grow an internet enterprise. They built off of the experience that they gained from the failed company by starting a successful Internet direct-marketing firm called Response …show more content…

Since MySpace proved to be such a great promotional asset, the first users did not hesitate to invite everyone they knew to join the site as only beneficial outcomes could come from having more friends on the website. Building off the original idea of combining other networking services into one product, DeWolfe and Anderson made sure that there were hardly any restrictions on what members of MySpace could post on their own pages. This strategy allowed users to post whatever they wanted which gave them a lot more freedom than the rival website at the time, Friendster, which only allowed content that was related to Internet dating. The freedom to post whatever one wanted was the main reason why MySpace was able to grow as large as it did because all of the general public was invited to join the MySpace community. DeWolfe and Anderson recognized that people could only communicate on Friendster if they were searching for a relationship so they created a platform where anybody could communicate about anything that they felt to be important. DeWolfe and Anderson also recognized that being able to easily and speedily access their site would create great opportunities for growth. Bands would let users sample and share songs which helped bands spread their names across the globe in a quick and efficient manner. Users would also be able to communicate with their favourite bands through their MySpace pages which became an important part of a band’s marketing strategy. The

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