What was the idea behind MySpace? How did they describe the portal they wanted to build?

1..What was the idea behind MySpace?  How did they describe the portal they wanted to build?  And what exactly was Facebook doing at the same time? Also, who/what organization gave DeWolfe and Anderson their first investment and took that large chunk of equity?  Did that investor immediately alter the organizational control the two founders had?  Why or why not?   […]