They call it `venture chemo’

Friendster lands a fresh $10 million from DAG, Kleiner Perkins and Benchmark. This radical procedure has been known to prolong life for up to 12 months in some cases. The move at least buys John Doerr time to dream up some cover story for why it makes sense for KP to pump fresh money into one of its other failing investments, then have that company acquire Friendster with a big bump in valuation, enabling KP to notch a profit and declare victory. Let the shell games begin! Hey, here’s an idea. Maybe those “MyAsshole” guys could buy Friendster. Like, it’s a solar energy company with a social networking site? So, like, people who are into green tech can meet and trade ideas and, um, stuff like that? Sure to be a hot IPO in mid to late 2007.