Battery Ventures lost early social market lead with Friendster to Facebook
Neeraj Agrawal · 20VC: The Best Determinant Of Product Market Fit & Why Prior Experience Is Not Required For Founder Success with Neeraj Agrawal, General Partner @ Battery Ventures · Apr 18, 2016 · at 18:13
Neeraj Agrawal, General Partner at Battery Ventures, reflects on social network investments and technical scaling failures during hyper-growth.
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“Battery was an investor in Frencer way back in the day, and I think they were way ahead, but unfortunately grew too fast, they couldn't keep up, and Facebook ultimately won that market, which is unfortunate for us.”
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