Few comments on minor details
Your definition of what friendpod is - includes the friendpod word itself. Also I had read 4 lines to get to the line what friendpod is actually is. It could be reworded as
friendpod is a group texting service. When one of you sends a text it goes to everyone in your friendpod. Use it for - your roommates - people you go out with on weekends - friends from home - a few coworkers
Friends from home ?. It doesn't make sense to me.
Also the other thing, there is a similar named website - friendspod.com ( a service in India) offering vaguely similar service. Choice of website name could have been better.
My $0.0.2