VCs in Silicon Valley are restructuring at a fast pace, these days, and founders are getting lost in the shuffle. I just posted a piece on the founder of Plaxo, Sean Parker, being pushed out in some sort of tug-of-war with the investors.

Jonathan Abrams, founder of Friendster, has also been moved out of the driver's seat, but the transition holds less drama.

Matt Marshall

[from The Mercury News]

Abrams, it seems, is faring better than Parker. He apparently did not fight the guillotine, agreeing immediately with the change.

He'll remain founder at the company, working with interim Chief Executive Tim Koogle to find a full-time replacement, according to Friendster spokeswoman Lisa Kopp.