Having the founder of a successful internet company, such as Myspace, as the CEO of a new internet startup can be valuable for a number of reasons. First, they have a proven track record of success in the industry, and thus have a deep understanding of the market and what it takes to create a successful internet company. Second, they likely have a strong network of contacts and relationships in the industry that they can leverage to help the new startup succeed. Third, they have experience in growing and scaling a business, which can be invaluable in the early stages of a startup when resources are limited. Finally, the founder's reputation and experience can give investors and customers confidence in the new startup