“The Overthrow of Myspace — How they lost the crown to Facebook” is an event organized by 500 Startups Vietnam’s Saola growth program.
Before Facebook, there was Myspace. For a while, Myspace was the largest social media platform in the world. In 2007, the site had 300 million users and was valued at $12 billion. By 2008, it was generating 4.3 billion daily page views. But almost overnight, it was dethroned by Facebook. It has since become a virtual “ghost town” (The Guardian) and was sold off for $35 million in 2020.
In this event, we sit down with Sean Percival, former VP of Marketing at Myspace, to hear his take on what went wrong and how we could learn from their mistakes. Sean discusses the importance of building the right infrastructure, focusing on the right things, and leveraging data to serve your customers.
Sean Percival is a seasoned tech entrepreneur and investor. He has invested in 140+ startups and founded several of his own. A multifaceted and experienced marketing executive, he has prior experience as the VP of Marketing at Myspace and as former CMO of Whereby (acquired). Through his work in acclaimed accelerator programs like 500 Startups, Katapult Accelerator, and Innovation Norway, Sean has mentored 1000+ startups on growth marketing and fundraising. He currently serves as Program Director of the Saola accelerator by 500 Startups Vietnam.
For more info on 500 Startups Vietnam and Saola, visit or
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