Friendster Raises $3.1 Million

SILICON BEAT -- May 25 -- Friendster's original investors Kleiner Perkins and Benchmark have reset the company's value, and invested $3.1 million (in what is called a recapitalization). Friendster will release some more online features and a revised home page. Friendster will give users a way to know when their friends have added new photos, written new blog postings or changed their profile and will also make its site searchable by Google and other search engines for those members that choose to make their profiles public. FULL ARTICLE @ SILICONBEAT

Mark Brooks: These tweaks may help tip a little more viral activity. Friendster has suffered from feature creep of late and needs a usability overhaul.