Want to create your own customized version of Friendster, Myspace or LinkedIn? Ning, Marc Andreesen's latest startup allows you to do just that. For any group you belong to you can use Ning to create your own social networking site. Use their templates to find an application that does what you want, clone it and you are up and running.
Cool idea. Not sure about how well it actually works - need to spend some hands on time with it.
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