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...