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Is it really business sense or just being lucky to IPO in a huge bubble? Did Broadcast.com really create value for the economy that the employees were rewarded
by darkmirage 11y ago
Is it really business sense or just being lucky to IPO in a huge bubble?
Did Broadcast.com really create value for the economy that the employees were rewarded for, or were they just on the lucky end of a huge unsustainable wealth transfer from retail investors to startup founders?
- x0x0 11y agoAll you have to do for startup success is find an accidentally rich sucker willing to pay $10k per user. Good on Cuban for selling to a giant fool, but I'm not sure recognizing a sucker and selling to him or her is really all that broadly translatable a skill. My guess is the problem is the too-small supply of over-wealthy suckers.
- scurvy 11y agoDude, he put radio on the Internet.